Nifty futures technical traders noted strong

Technical traders noted strong Fibonacci retracement support for Nifty futures at 21,940, a level tested thrice in recent sessions without breaking. This adds confidence for bulls. Politicians love a good portmanteau. They make for catchy soundbites and nifty headlines, and often slip quickly and seamlessly into the public vernacular as if they'd been there all along (think Brexit!). One stood out at the Labour party conference in Liverpool this week when chancellor Rachel Reeves spoke of "securonomics". Mumbai: The National Stock Exchange (NSE) has announced changes to market lot sizes for four major index futures and options contracts, including the Nifty 50, effective from October 28. The trend strength index on Nifty futures hit 31, its highest in two months, confirming that momentum remains intact. Dip-buying strategy continues to dominate institutional flows.