As we approach the Budget Day, volatility in Nifty future has increased significantly. After breaking yesterday's low, Nifty Future managed to close in green. Even today, the Trend Line shown on the attached chart continued to provide support.
Nifty Future can be bought in the opening trades, with stop loss of 4309 and will find resistance at 4400 and 4445.
RELIANCE FUTURE: Reliance too went lower than yesterday and bounced back smartly. It can be bought tomorrow in the opening trades with stop loss of 2025 and target of 2100 & 2145.
INFOSYS FUTURE: If Nifty Future is weak (below 4310), then you can sell Infosys future below 1775 with Stop Loss of 1801 and target of 1750 and 1725.
Please do not trade without STOP LOSS.
With best Wishes,
Ketan Asher.
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