Charts: SBI - SAIL - RELIANCE
Charts: MARUTI - ICICI BANK - NIFTY FUTURE EOD
NIFTY FUTURE 30 MIN
NIFTY FUTURE:
On the back of good closing in US markets, Nifty future opened with an up side gap and went up to 4940 but could not sustain the gains in view of the resistance at these levels. The opening gap got filled up during the day.
In tomorrow's trading Nifty Future can be sold below 4800 with stop loss of 4840. On the down side it will find support 4785 and 4740.
On higher side one can buy above 4925 with a stop loss of 4900. On the higher side Nifty future will find resistance at 5000 and 5050.
As stated in the earlier post, 4925 was indicated to be a major hurdle and it has lived up to the same, despite good cues from US markets. As indicated above, it will find strength above 4925 as the bears will have to square up the short position.
Put Call Ratio of Index Option was @ 1.25 as against 1.36 on the previous day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher
Words of Wisdom
Excellence is not a skill, it is an attitude.
Excellence is not a skill, it is an attitude.
No comments:
Post a Comment