Charts: TATA STEEL - TATA POWER - SAIL
Charts: RELIANCE - ICICI BANK - NIFTY EOD
NIFTY FUTURE 30 MIN
NIFTY FUTURE:
Nifty Future neither made a new high nor broke yesterday's low and hence, today's candlestick
only suggests a pause after a sharp run.
As indicated yesterday, weakness will accelerate only below 4440 (incidentaly, today it made a low of 4438.10). In the 30 min chart, i had indicated a channel and the price is close to leaving the channel, so the odds are higher for the downside.
For tomorrow, it is advisable to go short only below 4435 with a stop loss of 4465. The support levels are 4390 and 4310.
It is advisable to avoid buy side transactions, not only in Nifty Future but also in individual stocks too.
It is still advisable to sell stocks which have been bought around 4000 levels.
Please do not trade without STOP LOSS.
With Best Wishes.
With Best Wishes.
Ketan Asher.
Thought for the Day
The direction we are facing,
has a lot to do with our destination.
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