NIFTY FUTURE 30 MIN
Charts : SBI - SAIL - RELIANCE
Charts: MARUTI - ICICI BANK - NIFTY FUTURE EOD
NIFTY FUTURE:
Despite good global clues, Nifty Future could not sustain the opening gains and as expected saw a pullback to fill the gap left during yesterday's opening session. The day's candle on the EOD chart shows `doji ' - indicating indicisiveness.
Considering that Nifty Future has pulled back from low of 5067 to close at 5109, possibility of Nifty Future making one more attempt to make a new high can not be ruled out at this stage - with SBI giving strong support. At higher levels, 5150 & 5170 will be hurdles.
On downside Nifty Future should be sold short below 5065 with stop loss as 5100. On downside, 5045 and 5000 will act as supports.
Put Call Ratio of Index Options remained almost undchanged @ 1.26 level as against 1.30 yesterday.
Please do not trade without STOP LOSS.
Please do not trade without STOP LOSS.
Seasons' Greetings & Best Wishes,
Ketan Asher.
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