In last few trading session we have seen lackluster in nifty future, range has been very tight due to lack of volumes and liquidity. Traders are waiting for this holiday season to get over, also European leaders will be meeting to resolve European debt crisis. So outcome from this meet will drive nifty future further, also liquidity will return then, if we look at RBI policy we expect CRR cut that would inject Rs.45,000 crore into the banking system. Unless this liquidity arrives nifty future will consolidate with volumes on lower side, traders are likely to return after their New Year holidays. May be from second week of January we will see volumes and liquidity improving.
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.
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