NIFTY FUTURE 30 MIN
NIFTY FUTURE:
Today Nifty Future opened lower and after making a low of 4583 made a strong up move in just 30 min. to make a higher top of 4680. Today's move was largely contributed by Reliance, as it gained strength above 2000.
If Reliance continues its rally tomorrow, it can help Nifty Futures cross 4680 and there after 4700 level.
Please refer to the EOD chart to see how Andrew's Pitchfork's median line is acting as resistance for the past 2 days.
While we are at a striking distance from crossing 4730, i would like to reiterate that oscillators do not yet confirm strong up move. At this stage Nifty Future short should be considered only below 4630 with stop loss of 4665 and it will find support at 4590 and 4525.
On the higher side if the Nifty Future crosses 4730, it will find resistance at 4765 and 4800.
On the higher side if the Nifty Future crosses 4730, it will find resistance at 4765 and 4800.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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