Charts: SBI - SAIL - RELIANCE
Charts: MARUTI - ICICI BANK - NIFTY FUTURE EOD
NIFTY FUTURE 30 MIN
NIFTY FUTURE :
One more narrow range day -until it came out of the ellipse which is shown on Nifty Future 30 min chart above. Weakness in Reliance was compensated by strength in Infosys which went on to make double top.
In case Nifty Future breaks 4570, it will find support @ 4545 - 4500. On higher side, 4600 -4640 and 4660 will be resistance levels.
Tomorrow Nifty Future seeing a bounce from 4545 can not be ruled out as it will fill one of the gaps and also get support from a trend line. With Reliance coming in the 1915-20 region may get ready for a bounce. In view of the above it is better to see the opening session and then decide the trading opportunity.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
No comments:
Post a Comment