Nifty Trading Strategy after better than expected IIP and Inflation data.

• FIIs sold 12341 contracts of Index Future (Bought 5507 long contract and  17848 shorts were added) worth 344 cores with net Open Interest increasing by 23355 contracts. SO FII's again added shorts in Index Futures.Yesterday we have cautioned readers about FII adding shorts today we got the trailer.

Nifty corrected after rally for 5 day but was again able to protect its 200 DMA. IIP grows 2.6 per cent in July after two months of contraction and Inflation also cooled of to 9.52%...

Continue Reading