How to trade Nifty Future for 21 Nov 2012

1. FIIs  bought 10582 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 275.90 cores with net Open Interest decreasing by 9094 contracts.
2. As Nifty Future was down by 5 points with Open Interest in Index Futures decreasing by 9904, so FIIs again booked profits in shorts created  in Nifty and Bank Nifty Futures. Nifty Futures made a peculiar low today of 5555.55 which is termed as a magic number by many Technical Analyst.

3. NS closed at 5572 after making a high...


Continue Reading