Nifty Spot closes at 23851.65, by adding 414.45 points to its previous close. Though Nifty had slightly lower open than its previous close of 23437.20, it managed to trade in positive and then had huge upward rally. Nifty managed to close in positive for 4th consecutive session.
Nifty Current Month (April) Future Open Interest decreased by 4,83,600. However May month Future Open Interest increased by 6,18,375. June Month Future Open Interest increased by 1,55,025. Which indicates that April month future positions are rolled over to May month. Fresh Long position being seen built in May and June Month Future contracts.
June Month contract had Highest High and Highest Close. If in the next day that is on 21.Apr.2025, if Nifty trades in positive, then still more upside can be expected.
Strategy of Nifty Trading on 21.Apr.2025
Trade Long in Nifty-Fut and Nifty Call Options if Nifty trades in positive. If Nifty trades in Negative then avoid trading.
Leave a Reply