1. FII sold 1167 Contracts of Index Future,worth 55 cores with net OI decreasing by 6697 contracts. 2. As Nifty Future was up by 9 points with Open Interest in Index Futures decreased by 6697, so FII booked profits in shorts created in Nifty and Bank Nifty Futures.After Fridays fall we expected a choppy session… Read More »
1. FII sold 3765 Contracts of Index Future,worth 120 cores with net OI increasing by 14883 contracts. 2. As Nifty Future was closed as same level as on Friday but with positive bias ,Open Interest in Index Futures increased by 14883, so FII booked profit in longs and intitated fresh shorts in Nifty and Bank… Read More »
RBI disappointed the marke with NO rate cut but giving a Hint of possible rate easing in Next Meeting Nifty used it as an excuse to break the trading range of 5635-5725. As per our analysis Trend was Sell on Rise so traders must have profited out from today’s fall. 1. FII sold 23029 Contracts… Read More »
Nifty Future made a fresh September series high today at 5409. We have important events lined up in next 3 days so trade with caution as volatlity will be name of the game. IIP data will come tomorrow at 11 Am German Court decision on whther ESM is part of EU treaty or not will… Read More »