Charts: TATA STEEL, TATA POWER, SAIL
Charts: RELIANCE, ICICI BANK, NIFTY EOD
NIFTY FUTURE 30 MIN
NIFTY FUTURE:
Nifty Future had a strong close on weekly basis, inidcatiing strength. However, due to weak results from Reliance, market may open lower. In view of this contradictory signals, it is better to wait for the 1st 15-20 minutes and decide the trade thereafter. In case of weak open, buy trade should be considered only above today' open with stop loss below the day's low. On higher sides the resistance levels are 4590, 4620 and 4660. On lower side 4525 and 4490 will act as support levels.
Nifty Future is now close to the previous Top of 4703 levels and hence it is better to be cautious at this level if having long positions. Pl protect long positions with Strict Stop Loss.
With Best Wishes,
Ketan Asher.
Thought for the Day
All trends and cycles come to an end.
Who anticipates the future, profits.
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