Nifty future began new Bull Run (uptrend) after bouncing from 4420 level, on charts we have see it creating series of higher tops and higher bottoms. But the street was expecting much better from the financial budget 2012, where finance minister disappointed the experts’ estimate. Soon then nifty future started sell off and from the recent created high of 5530 level, nifty future was trading at 5250 today and this move must be sign that nifty future is now selling opportunity in this month F&O series. Another major reason to be on short side of trade is global markets are attracting foreign investment. USD has again began to gain strength, which started currency was around the globe, even Indian currency INR has been weakening against USD creating pressure for OIL imports. However most of IT companies are showing strength here like we have seen INFY, TCS and WIPRO gaining throughout the month. Trading in the direction of trend, we advice traders to short sell nifty future for this month F&O series.
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.
Suppose l bought nifty future 7500 and then sell 7825 and that day I short sell nifty at 7890 .so how to calculate it.