Traders eyeing Nifty futures are factoring in next week’s CPI data as a potential catalyst. Positive macro prints could enhance buying interest toward the 22,250 mark. Redwood Trust’s dividends have a history of, well, reflecting the times, which is a polite way of saying it’s happy to raise aggressively, but it will also cut mercilessly if needs be. For instance, in mid-2023, it cut its dividend by 30% to 16 cents per share. It then did a couple of step-up raises, to 17 cents in September, then to 18 cents in December. Under the revision, the Nifty 50 lot size will be reduced from 75 to 65, while the Nifty Bank lot size will fall from 35 to 30. The Nifty Financial Services lot size will drop from 65 to 60, and the Nifty Mid Select index will decrease from 140 to 120. The Nifty Next 50 Index lot size will remain unchanged. With US markets closing higher overnight, Nifty futures opened strongly, rising 85 points by mid-session. Market participants are positioning around key resistance at 22,250 for short-term trades.
