ROYAL TRADE 👨‍💻🔥NISM

Domestic Mutual Funds bought and sold the following stocks during the month of May 2024.

Initiating bullish spread strategies can be an effective way to capitalize on this movement while managing risk. High-Risk: BULL CALL SPREAD 6JUN2024 Series: BUY 23300CE & SELL 23800CE Cost : 160 SL : PREMIUM TGT : 350 Keeping an eye on key levels and market sentiment will be crucial for optimizing trading decisions.

RELIANCE gives a strong breakout… CMP 3036, TGT 3140/3200/3265, SL 2950

🚨 RBI's income jumped 17% YoY to ₹2.75Lcr in FY24! Expense dropped 56.3% facilitating a record transfer of surplus funds to government.

To so many queries and concerns over the absence of recommendations from our Channel… please be assured that everything is fine and I am completely fine ( since many are texting wondering if I am not well )… Just on a few days leave and not able to access live market data always… Hence the absence in activity here… But very overwhelmed and grateful for so much of concern from so many people….🙏

FIIs have been in the selling spree since mid-April and the selling pressure got aggravated in the first half of May series. 🔸Seems like election jitters have triggered the panic selling in Indian equities as they have been net buyers in the rest of the emerging market space. 🔸Since April, FIIs have sold nearly 50k crores in secondary markets which has been largely absorbed by domestic funds. 🔸However, due to this sharp sell-off, Nifty has significantly underperformed broader markets. 🔸Thus, in case they want to come back post elections, focus should be back into index heavyweights from IT and Banking which has relatively underperformed recently.

*NSE to introduce 4 new indices in capital, F&O segments from April 8.* These four indices are: 1. Nifty Tata Group 25% Cap 2. Nifty500 Multicap India Manufacturing 50:30:20 3. Nifty500 Multicap Infrastructure 50:30:20 4. Nifty MidSmall Healthcare

Will not be available today 🙏