FII’s bought 7 K contract of Index Future worth 276 cores, 2.7 K Long contract were added and 4.2 K short contracts were squared off by FII’s. Net Open Interest decreased by 1.4 K contract , so FII are going long ans squaring off shorts in Index Futures.From start of series net on net basis FII… Read More »
FII’s sold 6.8 K contract of Index Future worth 257 cores, 782 Long contract were squared off and 6 K short contracts were added by FII’s. Net Open Interest came up by 5.2 K contract suggesting FII are again going short at higher level. What a day it was Swing of 252 points, but it do… Read More »
FII’s sold 17.4 K contract of Index Future worth 662 cores, 11.5 K Long contract were squared off and 5.8 K short contracts were added by FII’s. Net Open Interest came down by 5.7 K contract suggesting FII are again going short at higher level. Nifty continued with its correction and took support at 7551 as… Read More »
With the Indian Union Budget to be presented on 10 July , and as discussed in previous post Nifty remains in a wide range so there is an opportunity to trade in Nifty Options And the opportunity could turn out to be quite promising. Which will be market direction post budget we do not know… Read More »
Last Week we gave Chopad level of 7515, Nifty did all 3 target on upside. Next Week is full of event, Finance Minister Arun Jaitley will present the final Union Budget for 2014-15 in Lok Sabha at 11:00 IST on Thursday and First quarter corporate earnings season begins next week. Private sector bank IndusInd Bank will… Read More »
Nifty has been rising from steadily from Low of 5933 on 04-Feb-2014 till high of 7758, A rally of almost 1825 points in 94 trading session which is a huge move. Market in short term is rising based on Budget expectation which will be presented on 10 July. I have discussed Nifty performance on Union… Read More »
Union Budget is just 4 days away, Below i have discussed Nifty range from 1999-2013. Maximum Range on Budget day is 346 so big volatile move on cards, so trade cautiously.