Coz Montly 5 EMA is still at 3529 levels. Strongly not to be good for June Season. Such a gap is unsustainable i.e nearly 700 pts now between Spot and Monthly 5 EMA
I have only one valid point from my end. If nifty not keeping dipping below 4200 before the start of June… Then one should considering Booking Profits in Deliveries. As the risk for carry forwarding his position for next month is keep on increasing if the breadth of Nifty Spot and 5 EMA(montly) Keep on widening.
Iam not trying to panic….. But just trying to say the risk in carry forwarding deliveries in June…. Just follow the rule “Sell in May and Go Away”.