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Inflation Numbers Were Lower, Should I Buy or Sell Nifty Future

By Bhaveek Patel 2 Comments

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.

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  1. Nifty future will move higher due to better Inflation numbers, Buy on Dips Inflation has direct impact on the many sectors, like banking, Automobiles, Real estate, etc. This time WPI inflation has cooled down a bit, but poor monsoon in many parts of country still remains concern (negative)...
  2. NIfty Future Chart Shows 5400 as Key Resistance Level, Short Sell Nifty Future Nifty future has rallied from 4550 level to current 5370, being an 800 points positive move straightway. But for now key resistance for nifty spot lies at 5400 level. Moreover nifty 5400 call option has...
  3. Intraday: Nifty future seeing buying on lower levels, Bullish for today Nifty future has corrected by 1.25% today, I am seeing buying at lower levels on intraday charts of nifty future. I think Nifty is forming some base for intraday bounce around 4855 zone, so I...
  4. Poor Q3 GDP Numbers Led Selling, Short Sell Nifty Future for Intraday Nifty future weakened just after the Q3 GDP numbers were announced, market saw a nose dive sectors that hit maximum was the banking sector. Bank nifty future also tanked about 3%, today it made high...
  5. Nifty Future is Trading Lower Today, How Should You Trade Bank Nifty Today Nifty future is trading negative today; this is the reaction for news from global market as European economies was downgraded by S&P (One of largest rating agency). In European stocks, financial sector has hit badly...

Category: Nifty Tags: Buy or Sell/ Inflation Number/ Nifty Future

About Bhaveek Patel

Bhaveek 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.

Comments

  1. sanju sharma says

    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?

    Reply

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