A relief rally on the NSE Nifty is likely to occur in February, which would indicate derivatives data.
After a punishing few months, India’s benchmark NSE Nifty 50 index is poised for a relief rally in February, based on the changes in investors’ positioning in the derivatives markets, brokerages said. The Nifty has tumbled 11.3 per cent over the last four monthly derivatives series, each of which spans between the last Thursdays of…