Nifty reacts negatively on Railway Budget,FII Data Analysis

• FII's sold 30.2 K contract of Index Future worth 870 cores, 150 K Long contract were squared off by FII's and 138 K  short contracts  were squared off by FII's. Net Open Interest decreased  by 289 K contract,79.3 % Rollover is done in Nifty Future at an average rate of 8837. I have discussed which traders can use as an Input to their trading plan for Budget Day Stock Market Response to past Union Budget and  Option Trading Strategy for Union Budget 2015 .

We saw the best Railway Budget presented today in past 10 years which was practical and pragmatic. Nifty reacted on railway budget day with negative as it happened on last railway budget and forewarned in yesterdays analysis  Last time Nifty was down

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