Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Sell in June and Go Away?

37 sec read

Nifty Futures Hourly charts
Nifty Futures

 
Two charts in Nifty make me to think “Sell in June and Go Away”. The above charts is nifty june hourly future chart which recently turns to sell mode during the later hour of the friday session which indicates that the shorter term trend is in downward side and currently the resistance zone is coming around 6150

While looking into the Nifty Supertrend Breadth Charts it is observed that the supertrend composite had turned to negative this friday which indicates that more number of nifty50 stocks under supertrend sell mode when compared to the stocks in buy mode thus indicates that the underlying breadth turns negative. Currently out of 50 stocks 26 stocks are in sell mode and 24 stocks are in buy mode. The continouation of supertrend sell signal indicates medium term weakness in the market.

Nifty Spot Daily Charts
NSENIFTY

Nifty futures Hourly Charts – Updated after market 04-June 2013
Nifty Futures 5th May

Currently trailing resistance is coming near 6047.9. Reverse your strategy to positional longs if nifty futures closes above 6047.9 on hourly basis

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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4 Replies to “Sell in June and Go Away?”

    1. Amit,
      We are not providing calls here. Just you can observe how to play with strategies here. Marketcalls is not a tips provider.We do create strategies and we love to play with mathematical models.

  1. hi sir,
    u r right sir out off 50 stocks 26 or more stock are in sell site. so market in negative mode. It come around range 5900 to 6150. Sir if i wrong than pls correct me.

    “Think less in order to gain a lot”

  2. Hi Rajender,
    ur view is perfect and excellent, the topic “Sell in June and Go Away”. is superb. thanks for ur valuable service.

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