Free Stock market / Nifty intraday tips

Preparing For profit booking over the Nifty Future

nifty-rbi

Yesterday Nifty closed up 23.15 points at 6169.90 while Nifty futures closed at 6178.05, premium of 8.15 points. FIIs bought in Cash, net buy 1070.32 Crore while DIIs sold in Cash, net sell 390.42 Crore. FIIs sold in Index Option, Stock futures but bought in Index futures, net sell 641.81 Crore.

FIIs bought 61666 contracts of Index futures and sold 59718 contracts of Index futures which come to net buy of 1948 contracts worth 62 Crores with net open interest increasing by 24122 contracts.

Considering all above facts it seems that FIIs again went long in Index futures!

Many bearish traders, who took short positions following the downward correction two days ago, were trapped and forced to exit, booking losses. Fund managers who have not been investing or who are still sitting on cash hesitating would possibly find themselves in a fix now. If they do not participate, they are going to get punished if the market moves up and if they do, they could be riding the volatility in an unfavorable way.

Forget Fund Managers….As a traders what should be your strategy?

For now, the market is in the grip of some serious flows and momentum. So, as a trader one just needs to track that and not worry about valuations.

stock-advisor

Yesterday, We told you to BUY NF 6144 and Targets given in morning strategy of NF 6188 and 6211-6226 and 6244-6268 (This call given for positional)

in last hrs of trading, 2nd call generated for sell NF 6174-6178 with SL 6180 (STOPLOSS hit with loss of Rs.5 per share)

We are long with many scripts on Wednesday and yesterday (ABAN Stock future, ADANI ENT. and LT etc.)

fii

Yes, FII still investing money in Indian stock market as per our contacts.

Today, Concentrate on 6200-17

(heavy seller will attack 6200 above on NF)

Book Profit on all your long position 6200 above…!

question-for-investment

How much fall expected today? Where to sell NF today? Why I should sell NF today? Any Special Reason for selling NF?

(Don’t ask Questions like above.!)

ALL ANSWER ARE FOR Subscribers.!

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

Previous ArticleNext Article
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.

Join Today (Free): Stock & Nifty Tips

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *