1. FIIs bought 16200 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 487.18 cores with net Open Interest increasing by 3886 contracts. 2. As CNX Nifty Future was down by 14 points with Open Interest in Index Futures increasing by 3886, so FIIs have booked profit in shorts and also… Read More »
Auspicious Muhurat trading sessions again started the fresh downtrend in Nifty as per History. Nifty made a top of 5708 on the Muhurat day and is down to 5559 in just 3 trading sessions. As i have discussed before Nifty tends to give 5-6% move pre or post Mahurat trading session. And we already had… Read More »
1. FII sold 11316 Contracts of Index Future,worth 284 cores with net OI decreasing by 3012 contracts. 2. As Nifty Future was down by 44 points with Open Interest in Index Futures decreased by 3012, so FII booked profits in shorts created in Nifty and Bank Nifty Futures.We have all importance IIP data today and… Read More »
1. FII sold 3923 Contracts of Index Future,worth 155 cores with net OI increasing by 15627 contracts. 2. As Nifty Future was up by 27 points with Open Interest in Index Futures increased by 15627, so FII booked profit in shorts and intitated fresh longs in Nifty and Bank Nifty Futures. Read How US… Read More »
Nifty Fibonacci Retracement Nifty Fibonacci Retracements from 5217-5815 are drawn in above chart,Major support at 61.8% Golden ratio at 5585 and Resistance at 5687. Nifty has closed above 5687 which is 78.6% retracement. Nifty Fibonacci Fans As discussed earlier Fibo Fans helps in finding potential tops and Bottom of market from short term prospective. If… Read More »