NIFTY FUTURE 30 MIN /NIFTY FUTURE EOD
NIFTY FUTURE:
Two important firsts today - First day of the decade and also first day of the early start, received lukewarm response from the market participants. Though Nifty Future/Sensex clocked New Highs, intraday movement was t0o narrow and that too accompanied by low volumes. But the fact remains that market went up to make a New High and seems to have crossed the 5200 barrier.
Two important firsts today - First day of the decade and also first day of the early start, received lukewarm response from the market participants. Though Nifty Future/Sensex clocked New Highs, intraday movement was t0o narrow and that too accompanied by low volumes. But the fact remains that market went up to make a New High and seems to have crossed the 5200 barrier.
For tomorrows trading, Nifty future can face resistance at 5300 and 5330 levels. As far as long positions are concerned i would advise cautious approach. Those carrying long positions should consider 5200 as a stop loss level.
Short positions should be taken only on break of 5200 level with a stop loss of 5235.
Put Call Ratio of Index Options increased to 1.27 as against 0.87 during previous days trading.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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