NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
TP GRID FOR MCX/NCDEX WILL BE POSTED BY 11.00 AM
NIFTY FUTURE:
In today's trading, Nifty Future opened steady and went up to 5167 and then went down to 5090 in second half of the day's trading and has closed near the day's low suggesting weak opening for tomorrow. But for Infosys making a new high, the fall would have been much worst.
As it happens every time, market will gain strength due to short covering if at all it trades above 5140. However, i would not advise initiating long trades, till such time we see a significant correction.
Tomorrow, it will be better to initiate fresh short position in Nifty Future if it trades below 5075 with Stop Loss of 5110. On lower side it will find support @ 5040 - 5000 and 4950 which can offer some good support and bounce can be expected.
Put Call Ratio of Index Options remained at 1.00 as against 1.08 on the previous trading day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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