As expected Nifty Futures had a bullish open, which could not sustain for long and it started trading below the previous week's low of 3585.
Previous high of 3520 should act as a good support. However, if 3500 is broken, market can go down upto 3425 - which appears more likely, before starting a fresh up move.
Any short postion in Nifty Futures should have a stop loss of 3591.
Happy Trading,
Ketan Asher.
No comments:
Post a Comment