Wednesday, November 21

How to trade Nifty Future for 22 Nov 2012


1. FIIs  sold 2174 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 97 cores with net Open Interest increasing by 13258 contracts.
2. As Nse Nifty Future was up by 38 points with Open Interest in Index Futures increasing by 13258, so FIIs after long time initiated buying  in Nifty and Bank Nifty Futures. Nifty Futures made a peculiar low yesterday of 5555.55 which is termed as a magic number by many Technical Analyst and today it showed effect with NF trading well above 5620.

3. NS closed at 5615 after making a hig...

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