Nifty Trading Levels as per FnO Analysis

• FIIs sold 14600 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 417 cores with net Open Interest increasing by 6960 contracts. Risk Management Rule for Traders

Nifty kick started the financial year on a positive note managing to close above the 5700 mark. NS closed at 5704 after  making high of 5721 and low of 5676 Nifty opened gaped up and quickly fell down to fill the gap. As per  Weekly Analysis we discussed trend deciding level as 5703, and Nifty kept swinging and closed at this level.Traders got whipsawed,..

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