Wednesday, January 23

How to trade in nifty and Bank Nifty on 24 Jan

FII
1. FIIs sold 10055 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 297 cores with net Open Interest decreasing by 2085 contracts.Want to Learn Option Strategy to trade in Sideways market with Bullish Bias  http://bit.ly/WssDmb
2. As CNX Nifty Future was up by 8  points with Open Interest in Index Futures decreasing by 2085 so FIIs again booked profit in long  in Nifty and Bank Nifty. Today we had a V shaped recovery after Nifty Future came near to our Trend Changer level of 6024 FII has used to rally to exit longs.
3. NS closed at 6054  after making high of 6070 and low of 6021. Nifty bounced from our support level of 6026 as discussed yesterday. Nifty is only giving intraday trading opportunity,positional traders need to...

Continue Reading

0 Comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Subscribe to Post Comments [Atom]

<< Home