Nifty May Open Positively, Deep Into MMF Solutions’ Insights

INDORE, India - Nov. 15, 2014 - PRLog -- Post a flat start in the market, the Nifty remained lack luster as usual. However, selling got promoted after the tidings of the excise duty hike in petrol and diesel, leading the index to settle 30 points lower below the normal.

Nifty futures premium had declined and settled at 22 points earlier. India VIX fell 4.39 percent and settled at 13.80 point. FIIs bought Rs 691 crore while DIIs sold Rs 738 crore in the specific cash segment.

MMF Solutions’ analysts deeply researched the analytics and found the following which had a lot to say about the nifty future tips. Depending upon further findings by the team, it was found that FIIs that sold Rs 395 crore in index futures and bought Rs 583 crore back in index options.

In the stock futures, they had sold around Rs 202 crore. The highest Put base is alarmingly at the 8300 strike with around 53 lakh shares as compared to the highest Call base which is at the 8500 strike with 58 lakh shares.

Our top notch market experts believe that the 8400 and 8500 Calls that witnessed an addition of around 4.80 and 2.60 lakh shares, in their respective domains. The 8500 and 8400 Put strikes saw an acute reduction of 2.94 and 3.80 lakh shares, respectively.

Nifty Future tips: The Nifty is most likely to open at a positive note on the back of strong global cues as predicted by our stock analysts. It is likely to swing in the favorable range of 8365-8435. You can probably sell Nifty in the specific range of 8417-8422 for the specific targets of 8385-8365 respectively and stop loss at 8435.

MMF Solutions is an advisory firm which believes in providing an accurate glimpse of the market so as to become an active assistance for all those who want to get into trading. It has analysts whose deep knowledge can be used to provide a lot of information to learner’s even and also the prospective investors.

For more details:

Contact: MMF Solutions

Visit: www.mmfsolutions.com/services/derivatives-packages/nifty-futures-tips/