Market Update 14. 06. 2021
Updated: Jun 19, 2021
Global Markets have been bullish from October to February after which we has seen a bit of a range bound momentum. However, we are currently trading near an all-time high. Vix remains at it's lowest levels of 2021.
The S&P500 closed at an all-time high on Friday. We have had an amazingly long run on Banknifty. No reason to go short as of now.
Highest oi at 35000 level. Since June Fii have been long on futures by an average of 80% above.
In a bull case scenario the fact that Banknifty has been underperforming Nifty chances are we may see a good expansion.