Charts: SBI - SAIL - RELIANCE
Charts: MARUTI - ICICI BANK - NIFTY FUTURE EOD
NIFTY FUTURE 30 MIN / NIFTY FUTURE WEEKLY(as mentioned in y/day's post)
NIFTY FUTURE:
In today's trading Nifty Future did not continue the up move (as expected) and instead retraced upto 38.2% to make a low of 5050 and closed @ 5087. EOD candle still does not look bearish, but tomorrow if Nifty Future breaks the low of 5050, it is likely that it will test 5025 and 5000.
For tomorrow's trading it is better to make fresh buying only above 5120 with stop loss of 5080. On higher side it will face resistance @ 5150 and 5185.
For tomorrow's trading it is better to make fresh buying only above 5120 with stop loss of 5080. On higher side it will face resistance @ 5150 and 5185.
I would not advise any short postion and instead it will be better to consider buying if Nifty Future retraces to 5025 - 5000 levels with stop loss of about 40 points.
Put Call Ratio of Index Options marginally increased to 1.29 as against 1.21 yesterday.
Please do not forget to put STOP LOSS.
Put Call Ratio of Index Options marginally increased to 1.29 as against 1.21 yesterday.
Please do not forget to put STOP LOSS.
With Best Wishes,
Ketan Asher.
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