Derivatives strategies: Short-term trend likely to be negative

The Nifty made a failed breakout to above 11,000 after which reacted down fairly sharply. It’s again within the buying and selling vary of 10,700-11,000 though the RBI made a shock charge reduce and altered coverage stance to “neutral” from “calibrated tightening”. The index is once more taking help from its personal 200-Day Moving Average (DMA).

Until and until, there’s one other breakout or breakdown, judging intermediate trend will be unimaginable. The brief time period trend appears negative. Volumes proceed to be low. FPIs have been robust internet consumers in February and home …

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