NIFTY FUTURE EOD NIFTY FUTURE 30 MIN
NIFTY FUTURE:
In today's trading Nifty Future opened firm but could not cross 5165 level for the whole day. It traded in 50 points range though out the day. Nifty Future has touched this level for the third time but could not cross this level in view of the hurdles shown on the chart. Let us hope it crosses this level tomorrow, failing which it may come down to 5075 where it can find support.
Tomorrow, one should avoid buying Nifty Future at higher levels and instead, if Nifty Future takes support at 5075 levels, one can buy with stop loss of 5040. On higher side it will find resistance at 5100 and 5165-5185 levels. On lower levels, it will find support @ 5000 - 4975 and 4930 levels.
Tomorrow selling Nifty future should be avoided and instead it will be better to buy at lower levels indicated above and sell at higher levels.
Put Call Ratio of Index Options was @ 1.29 as against 1.49 yesterday.
Please do not forget to use STOP LOSS.
With Best Wishes,
Ketan Asher.
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