Wednesday, December 30, 2009

TURNING POINTS FOR 30.12.2009


Please download 2010 calendar with
NSE Trading Holidays marked on it.


NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD

NIFTY FUTURE :

Yesterday's trading was one more narrow range day, where Nifty Future made a New High of 5225, but the gains got wiped out in the last hour's trading and Nifty Future closed @ 5194. Even in yesterday's trading BSE Sensex remained short of previous high by just 7 points and thus the divergence between the two indices continues. We may have to live with this type of lackluster trading till the dawn of the New year, by which time the celebrations would get over and participants will start looking at the year ahead.

For today's trading i continue to maintain Buy above 5225 with a stop loss of 5180. on higher side it will find resistance at 5295 and 5330.

One can short Nifty below 5165 with a stop loss of 5205. On lower side it will find support @ 5150 - 5120 and 5075.

Put Call Ratio of Index Options remained at 1.05 as against 1.06 on the previous trading day.

After 2 days of narrow range either side breakout could be sharp, so please do not trade without STOP LOSS.

With Best Wishes,

Ketan Asher.

No comments:

Post a Comment