Nifty Futures Trading on 17 Jan

1. FIIs sold 12901 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 343.30 cores with net Open Interest decreasing by 4663 contracts.
2. As CNX Nifty Future was down by 62 points with Open Interest in Index Futures decreasing by 4663, so FIIs again booked out longs  in Nifty and Bank Nifty Futures. Yesterday we have mentioned clearly rally has no support of smart money and today we saw the trailer with a fall of  62 points highest in the Jan Series.
3. NS closed at 6001 after making high of 6056 and low of 5992 . As discussed yesterday analysis The lower volumes ..

Continue Reading