Free Stock market / Nifty intraday tips

NIFTY Future: JOOM BARAABAR JOOM

nifty-rbi

Disclosure: Yesterday, We told you that NF hurdle for sale 6038-6046…and also cleared you “JOOM BARAABAR JOOM if crossover 6058″
Yes, We have seen NIFTY Future JOOM to 6168.

fii
NF will open flat (6156-6165)
Buyer will enter 6137-6144 for targets 6177-6189

Suppose to crossover 6185 and stay above it for more time…than 6209-6222 very soon.
Weakness is only below 6085 below…therefore, go long in deep…

nifty-rbi

Nifty closed up 151.35 points at 6146.75 while Nifty futures closed at 6161.50, premium of 14.75 points. FIIs bought in Cash, net buy 1646.95 Crore while DIIs sold in Cash, net sell 747.11 Crore. FIIs bought in Index future, Index Option but sold in Stock future, net buy 189.73 Crore.

FIIs bought 86198 contracts of Index futures and sold 78101 contracts of Index futures which come to net buy of 8097 contracts worth 246 Crores with net open interest increasing by 24963 contracts.

Considering all above facts it seems that FIIs again went long in index futures…

Yesterday, the Market spurted after Reserve Bank of India said it would take into account falling inflation while deciding on policy initiative in its review next month.

RBI is scheduled to announce mid-quarter review of monetary policy for 2013-14 on June 17.

Technically, Nifty futures closed past several hurdles yesterday showing bulls will continue to dominate in a day to come.

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Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

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