Anil Singhvi's Market Strategy June 28: Sentiments negative; OMC, Aviation, High Beta Midcaps to be bearish today
Indian benchmark indexes declined sharply a day before the expiry of June series. The decline was also favoured by higher crude prices and the decline in the value of rupee, which was at a 19-month low. On June 27, 2018, the S&P BSE Sensex dropped by 273.93 points (0.77%) to close at 35,217.11.
Anil Singhvi suggests traders reduce their positions in Nifty and BankNifty if they close below the mark of 10,700 and 26,400. Image source: Youtube