Monday, October 19, 2009

TURNING POINTS FOR 20.10.2009


Charts : SBI - SAIL - RELIANCE


Charts: MARUTI - ICICI BANK - NIFTY FUTURE EOD


NIFTY FUTURE 30 MIN

NIFTY FUTURE:
Nifty Future continued its rise to end the extended week to close at 5125. Nifty future maintained a strong upward bias supported by Banking Sector as well as Reliance.
For Tomorrow's trading Nifty Future may continue to show strength above 5165 for a target of 5220.
On downside, Nifty future can be sold short below 5100 with stop loss @ 5140. Nifty Future may find support @ 5065 and 5040 and 5000.
Put Call Ratio of Index options reduced to 1.15 from the earlier levels of 1.25.
Please do not forget to use STOP LOSS.
With Best Wishes,
Ketan Asher.



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