As investors enter June with hopes of seasonal strength, technical indicators are flashing warning signs that could challenge historical market trends. While June has traditionally been a positive month for Indian equities, the current geopolitical backdrop and weakening chart patterns suggest that volatility may remain elevated in the weeks ahead.
Speaking to ET Now, Rupak De, Sr Tech Analyst, LKP Securities highlighted that although June has generally delivered gains for the Nifty over the last decade, the market's current setup appears less encouraging.
