Charts: SBI - SAIL - RELIANCE
Charts : MARUTI - ICICI BANK - NIFTY FUTURE EOD
NIFTY FUTURE 30 MIN
NIFTY FUTURE :
In today's trading Nifty Future made one more attempt to cross the earlier high of 4753, but failed to do the same. After doing a double top in almost 30 min Nifty Future wiped out last 5 day's trading range, with huge volume. Even in the end it could not recover and closed near the low of the day. With US and European market showing weakness and depending on the Asian markets tomorrow morning, in all probability we should have a weak opening.
If the Nifty Future opens tomorrow near 4600 it can be sold with stop loss of 4635. On down side - below 4590 it will find support @ 4550 and 4500 where it will fill one of the gaps left earlier.
In case Nifty Future slips below 4500, it is advisable to wait for a day before making a buy decision - as the market may re-test 4350 levels.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
Words of Wisdom
Everyone is wrong in the markets at times.
Everyone is wrong in the markets at times.
The difference between the great traders and
the unsuccessful ones is in how long they stay wrong.
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