Nifty future went down upto 3905 and high saw high of 3990 before closing @ 3965. Tomorrow, Nifty Future must close above 4000 to suggest that today's low will hold for few more days. For tomorrow, it will be better to buy after the market stabilies, or at lower levels. On down side, 3930 can be considered as a stop loss. On higher side 4000 will be a hurdle and hence early morning buy at higher level should be avoided. Nifty Future can come down again to test today's low. At higher levels 4065 and 4115 will act as resistance levels. There is no reason yet, to believe that market has bottomed out, so cautious approach is advisable.
4200 will be a major resistance to contend with.
RELIANCE FUTURE:
Reliance went down till 1721 and closed @ 1754 - very close to 1750, its mid point level. Here again , it is advisable to buy near 1725 levels with stop loss of 1700. On upper side 1800 and 1865 will act as major hurdle.
INFOSYS FUTURE:
Inofsys had the best run today and closed near the day's high. It is close to its resistance level of 1775 and 1800. Below 1750, it can be sold with stop loss of 1775 and target of 1730 and 1700.
Please do not trade without keeping STOP LOSS.
With Best Wishes,
Ketan Asher.
No comments:
Post a Comment