Please download 2010 Calendar with
NSE Trading Holidays marked on it.
NSE Trading Holidays marked on it.
NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
Finally the year which started with lot of weakness has ended with a strong performance of 76% gains in Nifty and 81% in BSE SENSEX. Those of you who would like to see the detailed statistics, can refer to my weekend post titled "MARKET PERFORMANCE OVER THE PAST TWO DECADES", which is now available under archives. It does make an interesting reading, as I have given comparative figures of GOLD and also some of the major world indices. Trust you will find it interesting and useful.
In last Thursday's trading, market could not show the strength which is expected on the FNO settlement day, but did manage to close @ 5202, after recording a new high @ 5229.
For Monday's trading, one can go short below 5165 with a stop loss of 5200. It will find support @ 5125 - 5075 - 5015 and thereafter 4965 should be considered as a major support area.
Tomorrow's opening level should be considered significant for the day's to come and can be used as a good reference point for deciding the direction in the market.
For tomorrow long position should be avoided except at significant low levels of 4965.
Put Call Ratio of Index Options stood considerably lower @ 0.87 as against 1.06 on the previous day.
Please do not trade without STOP LOSS.
With best Wishes,
Ketan Asher.
PS: Please rework on your morning schedules so that you are ready to open the market @ 9.00 AM from Monday. If all the other markets also take leaf out of this new schedule, may be it will have positive effect on the GDP! - Always look at the brighter side of things.
No comments:
Post a Comment