1. FII sold 9246 Contracts of NF ,worth 654 cores with net OI increasing by 2404 contracts. 2. As Nifty Future was down by 40 points and OI has decreased by 2404 contracts means FII have booked out longs from the longs created in past 2 days. 3. NS was unable to cross 5259… Read More »
The Grind down continues, Nifty made a high of 5258 and low of 5169 a range of just 89 points from the whole week. Trading sideways market is the most difficult part as a trader, As every time it moves near the upper or lower band many traders buy or sell in anticipation of breakout… Read More »
1. FII bought 28000 Contracts of NF ,worth 654 cores with net OI increasing by 33352 contracts. 2. As Nifty Future was up by 33 points and OI has increased by 33352 contracts means FII have created fresh longs in NF as we have been discussing from past 2 days. Let me add here some… Read More »
The unending list of super hit melodies which u have left will always make us remember u RIP The ultimate superstar Rajesh Khanna Yesterday we has discussed going by History Nifty will not fill the gap from 5189-5150 and can give us the whipsaw move to trap shorts. As always Market move in a direction… Read More »
Another Fry day with Nifty stuck in range, Opened Gap up consolidated in 20 points range and finally gave up all gains and filled the gap and closed for 4 days in a row in red. Tomorrow being 5 day which is a Fibo number,hence probability of a green closing have increased.This move in Nifty… Read More »
Inflation cooled to 7.25% which is welcome news for market as it raises the Hope for RBI to cut rates.From Macro perceptive Monsoon is current overhang for the market, any shortfall in rains can again see the food prices spiraling ahead and putting weight on inflation. 1. FII bought 1258 Contracts of NF ,worth… Read More »
The Grinding down continues,Nifty Opens trades in narrow range in better half of the day and some range expansion is seen in the last hour of the day. Ranges are quiet small such consolidation are precursor for directional trending moves ahead. Trade in less quantity and wait for market to show the direction. … Read More »
As per Last Week Analysis Nifty made low of 5217 and High of 5349 as we discussed, Nifty has been grinding in a range of 5217-5249 for whole week, this is what happens when we have month of consolidation. Nifty Futures intraday players are having difficult time as nothing is happening,grinding in 20-30 points range.… Read More »
Infy did it again continued with its trend of below expectation results and market butchered the stock with a cut of 9%, We already discussed the technical on Infy and TCS which again proved the supremacy of technical analysis.TCS came with a good set of numbers and tomorrow expect fireworks in the counter 1295 is… Read More »
1. FII sold 4964 Contracts of NF ,worth 207 cores with net OI increasing by 19468 contracts. 2. As Nifty Future was up by 70 points and OI has increased by 19468 contracts means FII have initiated fresh longs in Index futures. 3. Nifty is still Buy on Dip till 5260 is not broken… Read More »