NIFTY FUTURE 30 MIN
NIFTY FUTURE:
Once again Nifty Future could not cross the trend line which has been drawn on the Nifty Future 30 min chart, for the last 2 days. With FNO closure behind us, will it Clear it now? Yes, it can - but i would give importance to close above 4766 as a real confirmation that we are leaving this past 3 months' consolidation period behind us - at least for now.
For today, it will be better to take the trade only after the 1st half an hour. On higher side, 4730 - 4770 and 4800 will act as resistance levels.
Today Nifty Future may be sold below 4640 with stop loss of 4660. It will find support @ 4600 - 4570 and 4530.
Volatility is the order of the day, so do not forget to use STOP LOSS.
With Best Wishes,
Ketan Asher.
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