Please download 2010 Calendar with
NSE Trading Holidays marked on it.
NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In last Thursday's trading Nifty Future remained steady for better part of the day, but in last one hour made an upward thrust to scale a new high and also closed at new high levels, confirming the bullishness. It is important to note that similar event was not marked on BSE Sensex, thus indicating divergence, which may be due to the different mix of index components and calculation methodology. With FNO settlement this Thursday and support from US/European markets, its a forgone conclusion that markets will close the year on bullish note.
For tomorrow one should buy Nifty Future above 5225 with stop loss of 5180. On higher side it will find resistance @ 5295 and 5330. Existing long positions should be trailed with stop loss of 5170.
On lower levels one can short Nifty Future if it trades below 5150 with stop loss of 5180. On lower side it will find support at 5105 and 5055.
Put Call Ratio of Index Options increased to 1.06 as against 0.92 on the previous trading day.
Pleas do not trade without STOP LOSS.
Pleas do not trade without STOP LOSS.
With Best Wishes for the festive season,
Ketan Asher.
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