Banknifty is one of the highly liquid and actively traded indexes on NSE. Banknifty options contracts also have a weekly expiry, which means you can trade 4 times every month. So bank nifty option chain is very active as well, trading in bank nifty option also requires less margin for option writing. This trading opportunity is unique because this week is having 4 trading sessions (15th August ... [Continue Reading]
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 and even Indian banking stocks are trading lower like State bank down 3%, Icici bank down 2%, Axis bank down 4%, Kotak bank, Bank of Baroda, Punjab National Bank, HDFC bank, Yes bank, ... [Continue Reading]
RBI January Credit Policy Announced, CRR Cut by 50 bps Other Interest Rates Same
Reserve Bank of India (RBI) keeps the interest rates unchanged today on January Credit policy but it has cut CRR (cash reserve ratio) by 50 bps (basis points), this will infuse liquidity in the banking system also this has indicated that RBI has shifted its policy for talking inflation to pumping growth. Today's cut has lowered the CRR to 5.50% from previous 6.00 % and this will result in pumping ... [Continue Reading]
