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Tuesday 24 December 2013

Best Trading Strategy in Nifty Futures

The Indian markets gained momentum today with the Nifty hitting 6300 in the morning trade despite a flat opening. The Nifty is up 33.15 points at 6307.40 while the Sensex gains 120.40 points to be at 21200.12. 


Markets are however expected to remain firm in a holiday-truncated week, despite a potential rise in volatility due to expiry of December derivatives contracts on Thursday, while taking cues from foreign inflows.


Shares in Infosys  provisionally fell 2.5 percent after the head of some key business units, V. Balakrishnan, offered to resign, marking the latest departure from a top executive since co-founder Narayana Murthy returned as executive chairman. 


The Sensex provisionally closed 0.1 percent higher and the Nifty gained 0.16 percent. Blue chips such as ITC gained, supported by continued foreign inflows, while real estate developers like DLF closed higher on value-buying.


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