No doubt inflation has started to cool off and RBI is now watching inflation numbers closely to reduce the interest rates and focus on growth which was muted for some time. Inflation numbers that were released today were much lower than expected and boosted market confidence, nifty future was trading higher today, but we are not sure about the market trend. Still we are looking for selling opportunity as downtrend is still on charts. Traders should sell nifty future or buy nifty put option; we will some correction of 150 points as nifty future is near strong resistance zone on charts. Once this correction happens traders can reverse their positions and start buying nifty future for medium term uptrend.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
thanks for the help regarding nifty future. i also want to start trade in future contract. one more question is there a time decay when expiry of future contract comes to an end?