FII’s bought 2822 contract of Index Futures worth 98 cores (5.2 K longs were added and 2.4 K shorts were added Index Future) with net OI increasing by 7700 contracts. Nifty has broken the up trending channel and resisted on Monday’s session.Nifty continued to form lower low formation. Nifty formed DOJI candle suggesting confusion is market… Read More »
Next week seems to be full of events which will be led by first phase of Lok sabha elections which begins on Monday , followed by IIP and inflation data and beginning of the results season with Infosys declaring its results on Friday. Recent Opinion Polls have predicted NDA coming to power, and stable government… Read More »
FII’s sold 3481 contract of Index Futures worth 122 cores (1.7 K longs were squared off and 1.7 K shorts were added Index Future) with net OI increasing by 79 contracts. Nifty made a new life high again today 6676 10 day in a row.Nifty today was unable to form higher low formation but took support… Read More »
FII’s bought 6081 contract of Index Futures worth 225 cores (7.6 K longs were added and 1.5 K shorts were added Index Future) with net OI increasing by 9229 contracts. Nifty made a new life high again today 6763 ,and closed above its trendline. Nifty formed again today Hanging Man candle stick third day in row,… Read More »
FII’s sold 5336 contract of Index Futures worth 177 cores (5.7 K longs were added and 11.1 K shorts got added in Index Future) with net OI at 16918. So before crucial RBI policy FII’s majority shorts. Nifty made a new life high again today 6730 ,and closed near its trendline. Nifty ended the Quater… Read More »
FIIs bought 26292 contracts of Index Future worth 884 cores (339 Long contracts were added and 25.9 K short contract were squared off ) with net Open Interest decreasing by 25.6 K contracts, so FII’s were in square off mode in shorts. Nifty made a new life high again today 6627,and closing just above the… Read More »
FIIs bought 10296 contracts of Index Future worth 346 cores (30.8 K Long contracts were added and 20.5 K short contract were added) with net Open Interest increasing by 51.4 K contracts, so FII’s added both longs and shorts in Index Futures. Nifty made a new life high again today 6595,lead by banks.Still unable to… Read More »
FIIs bought 31921 contracts of Index Future worth 1056 cores (54.5 K Long contracts were added and 22.3 K short contract were added) with net Open Interest increasing by 76.9 contracts, so FII’s added both longs and shorts in Index Futures. Nifty made a new life high again today 6591,lead by banks.Advance decline was negative… Read More »
Nifty Hourly Chart Nifty Hourly charts has closed below its 50 HDMA, which is bearish in short term.Any close above 6510 will bring back bullishness in market. Nifty Daily Chart Nifty after breaking out of 6410 range last week, consolidated its gains in last week. Now range of 6357-6410 becomes an important support of market.… Read More »
Wishing reader a very very prosperous and happy Holi !! Nifty showed remarkable resilience,holding on to higher levels despite the sell-off in the rest of the global markets.Next week we have The Federal Open Market Committee meeting scheduled for Wednesday which will decide on Fed Taper. Also Geo political issue will keep market on the rocks.… Read More »