Thursday, November 12, 2009

TURNING POINTS FOR 13.11.2009


Charts: SBI - SAIL - RELIANCE


Charts: MARUTI - ICICI BANK - NIFTY FUTURE EOD


NIFTY FUTURE 30 MIN
NIFTY FUTURE :
In today's trade Nifty Future opened flat at yesterday's level and after lackluster performance for the better part of the day, made a low of 4917 and closed little higher at 4953.
In tommorrow's trading, Nifty Future has to go above 5050 to gain strength. Nifty Future will be weak only below 4900 and in that case it can go down upto 4835.
Short positon in Nifty Future should be considered below 4900 with stop loss of 4930 and target of 4835 as it could act as a strong support level.
Buy position in Nifty future should be considered above 5010 with stop loss of 4965 and target of 5050. If Nifty Future manages to go above 5050, there will be a strong up move in view of short covering.
Put Call Ratio of Nifty Future remained at 1.28 as against 1.33 yesterday.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.


No comments:

Post a Comment