GDP data has been released today and we have seen big selling just after the releasing the data. Street was expecting a figure around 7.5% but data that came in was at 6.9%, a way below expectations. Lots of short positions on nifty future were added to open interest in today’s trading session. Nifty Put options have seen huge unwinding of position, hence hinting further fall in nifty future. ... [Continue Reading]
Inflation Numbers Were Lower, Should I Buy or Sell Nifty Future
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 ... [Continue Reading]