CNX Nifty Future Trading Stratergy for 12 Dec

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 created fresh longs in  Nifty and Bank Nifty Futures.

3. NS closed at 5899 after making a  new 52 week high of 5965 and low of 5865, bounced back sharply. As discussed 5825 is not broken every dip in market needs to be bought. Nifty has again formed an NR7 day so expect a good move tommrow as discussed yesterday and today we had the much ex ...


Continue Reading