Charts: SBI - SAIL - RELIANCE
Charts: MARUTI - ICICI BANK - NIFTY FUTURE EOD
NIFTY FUTURE 30 MIN
NIFTY FUTURE:
In view of the weakness in US markets, Nifty Future opened with a downside gap, but managed to fill the gap by making a high of 5068 (just 3 points above the resistance level of 5065), In the second half of the day Nifty Future went down to make a low of 4074 and to close @ 4997.
Tomorrow, if the market opens weak Nifty Future may go down up to 4950 and then bounce back. One can consider buying Nifty Future above 5010 with stop loss of 4970. On the way up 5040 - 5080 - 5100 will act as resistance levels.
It is not advisable to make fresh short positions tomorrow as it is the last trading day of the week and after 3rd down day today, there is a good possibility of a bounce tomorrow.
Put Call Ratio of Index Options remained unchanged at yesterday's level of 1.23.
Please do not trade without STOP LOSS.
With Best Wishes,
With Best Wishes,
Ketan Asher.
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