Nifty Spot closes at 24,125.55, by adding 273.90 points to its previous close. Nifty had gap up open at 23949.15, then had upward rally. Nifty closed in positive for 5th consecutive session.
Nifty Current Month (April) Future Open Interest decreased by 5,71,800. However May month Future Open Interest increased by 7,92,525. June Month Future Open Interest increased by 41,400. 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.
April, May, June Month contracts had Highest High and Highest Close. If in the next day that is on 22.Apr.2025, if Nifty trades in positive, then still more upside can be expected.
Strategy of Nifty Trading on 22.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