Will Nifty50 break a two-year-long pattern in July F&O series? Heres what Anil Singhvi thinks

As Dalal Street entered the July derivative (futures & options) series with a bang, with the Nifty maintaining a record-breaking spree, Zee Business Managing Editor Anil Singhvi highlighted that the July series usually brings highly positive moves. The 50-blue-chip index leaped 217 points or 1.1 per cent to clock a record closing high of 19,189.1 after registering an all-time high of 19,201.7 on June 30 — the first session of the July series. 

However, there's a catch. 

The Nifty has not clocked positive moves for no four back-to-back monthly series in the past two years, and it has ended all three of the April, May and June series with gains, the market wizard pointed out. "If it happens this time around, which is likely given a few favourable conditions, it will be the first set of four consecutive series of gains... The market is on a strong footing," he said.

Here's how the market fared in the June F&O series: