Charts: SBI - SAIL - RELIANCE
Charts: MARUTI - ICICI BANK - NIFTY FUTURE EOD
NIFTY FUTURE 30 MIN
NIFTY FUTURE:
In today's trading, Nifty Future opened with a gap and continued its upward march, but thereafter during the day movement was mainly sideways. Today's rise can be mainly attributed to SBI.
For the reason marked on the Nifty Future EOD chart, tomorrow can be an important day, when Nifty Future can see a sharp pull back from the higher levels and come down to test 5000 levels.
In tomorrows trading, Nifty Future will find resistance @ 5150 and 5170. Long positions should be trailed with stop loss of 5100.
If Nifty Future trades below 5100, one can go short with stop loss of 5135. On downside Nifty Future will find support @ 5065 and 5030.
Considering that Nifty Future has an important day tomorrow, long positions should be protected with tight STOP LOSS levels.
Once again with the rise in Nifty Future levels, Put Call Ratio of Index Options increased to 1.30 as against 1.16 yesterday.
Do trade with caution.
With Best Wishes,
Ketan Asher.
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