re: Day trading Nifty & Banknifty Futures
In my observation, MKT tends to go higher a few days after DIIs start buying.
Does it work all the time ? Of course not, but its one thing that I keep in mind while deciding on what to do with overnight positions.
In this case, I have some Nifty Puts. :annoyed:
Will decide on it next week.
You might want to check and drill down month wise data for DII buying here ..
http://www.moneycontrol.com/stocks/marketstats/fii_dii_activity/
http://chartink.com/stocks/nifty.html
@nirav_j Can share past experiences on why we should be alert when DIIs start buying?
Does it work all the time ? Of course not, but its one thing that I keep in mind while deciding on what to do with overnight positions.
In this case, I have some Nifty Puts. :annoyed:
Will decide on it next week.
You might want to check and drill down month wise data for DII buying here ..
http://www.moneycontrol.com/stocks/marketstats/fii_dii_activity/
http://chartink.com/stocks/nifty.html