Yesterday Nifty opened on Negative note and it seemed it will be a retracement day.
However, after some time sustained buying pushed the index back to green zone. At the end of the day, Both FIIs+DIIs were found to be net buyers in cash segment.
At 3:30 PM Indian time, RBI Governor's Interview projected India's GDP growth for the current FY to be close to 8%.
Index Futures Positions of FIIs+DIIs are witnessing winding up and today it seems to be a bullish day for the markets.
However, keep tracking your chart live and jump in the trade only when price is clearly out of consolidation zone. As soon as price comes back in the consolidation zone (the cloud area seen in above image), exit your positions and wait for next opportunity.
Happy Trading.
However, after some time sustained buying pushed the index back to green zone. At the end of the day, Both FIIs+DIIs were found to be net buyers in cash segment.
At 3:30 PM Indian time, RBI Governor's Interview projected India's GDP growth for the current FY to be close to 8%.
Index Futures Positions of FIIs+DIIs are witnessing winding up and today it seems to be a bullish day for the markets.
However, keep tracking your chart live and jump in the trade only when price is clearly out of consolidation zone. As soon as price comes back in the consolidation zone (the cloud area seen in above image), exit your positions and wait for next opportunity.
Happy Trading.
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Our Telegram Channel: @CheetaTrader
join to complete FREE TRAINING on how to use the indicators effectively and then request @jellygill for FREE TRIAL