FII Derivative Data Analysis for 12 June trade in Nifty Future

2 Important events took place today which a trader can write down in his trading journal as Prices will always have memory and will be helpful for future trades
1. Throwing Money at market cannot solve economic problems when the underlying fundamentals are not taken care off. Span got 100 Billion Dollar bailout and Financial markets rejoiced but when market came to know about reality as Macros are still detiroating, the intial flurry of bullishness is fading away and you can see Europe back in RED and loosing all gain, specifically Spanish market which were up by 4.5% start of day are now up by just .6%. Same was discussed in our Facebook page, You can like the page to get the real time updates
2. Smart money and professional traders never trade on news, In morning we gave 5125 laxman rakha in our FaceBook Page and Nifty was unable to cross it and finally gave a downfall after S&P downgrading Indian Rating to Junk came, As a matter of fact this Report was out on 8 June and it further confirms the nexus which market Operators have with media, But I am a firm believer of price as it discount all the activity of Smart,Informed,Market Operators. So follow price and your trading system with discipline to make money.
1. FII  bought 20997  Contracts of NF ,O...

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