# Michael Platt, a British billionaire hedge fund manager once said...

“Bull markets ignore bad news, and any good news is reason for a further rally.”

# The recent ‘Israel-Iran War’ and 'Trump’s Tariffs' are key negative catalysts which can ideally trigger recession or slow growth across the globe.

# But at the moment, it appears that the stock markets globe have fully absorbed both the negative catalysts.

# Honestly speaking, its Nifty bears who are now seen un-well as a rising tide is lifting all boats.

# Yes, the good news is that the S&P 500 flirting with its all-time-high.

# The other 2-positive catalysts:

1) Iran-Israel conflicts are off the front pages.
2) Oil stays depressed at $65.50 a barrel.

# Technically speaking, Nifty is signaling a massive breakout on the upside on weekly charts with immediate targets at 25319/25500 mark and then all bullish eyes on Nifty’s all-time-high at 26277.35 mark.

Meanwhile, the biggest interweek/intermonth support for Nifty will be at 24473 (low as on June 13th).

The biggest make-or-break support for Thursday’s trade is placed at psychological 25000 mark.

# Long Story Short: Nifty’s rally shall head into third day; despite June F&O expiry.

LotusFunds Super Traders: Nifty’s rally shall head into third day; despite June F&O expiry.

DISCLAIMER

Our clients may have positions in the stocks mentioned in this note. Kindly note that our clients may receive additional information in real time not available to the viewers of this note.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks.

RISK DISCLOSURES ON DERIVATIVES:

# 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.

# On an average, loss makers registered net trading loss close to 50,000.

# Over and above the net trading losses incurred, loss makers expended an additional 28%of net trading losses as transaction costs.

# Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.