NIFTY FUTURE 30 MIN NIFTY FUTURE EOD
NIFTY FUTURE:
In yesterday's trading Nifty Future continued its up move to test the upper level (5075) above which i had indicated that one should not remain short. If this level is not breached today it should be considered little seriously and it will be better to be light in long positions.
For today long positions can be considered with Stop Loss of 5000. On higher side 5075 - 5100 - 5150 will act as hurdle.
Nifty Future can be sold below 5000 with stop loss of 5040. On down side it will find support at 4965 and 4935 from which it can get a bounce as yesterday's gap would be filled. Weakness will accelerate below 4900.
Put Call Ratio of Index Options remained at 1.18 as against 1.20 yesterday.
Please do not forget to use STOP LOSS.
With Best Wishes,
Ketan Asher.
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