NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
As expected Nifty Future opened weak and made a low of 5176 and in the last two hours bounced back to make a high of 5248 and closed near the high of the day.
Considering today's close, Nifty Future is likely to open firm tomorrow, but it is advisable to buy only if it trades above 5275 with a stop loss of 5250. Once it manages to cross, 5275, the probability of Nifty Future crossing 5303 will be very high. Hence it is not advisable to remain short above this level. On higher side 5345 to 5365 will provide resistance.
One should consider going short only if Nifty Future trades below 5200 that too with a stop loss of 5235. With Infosys making a new High today, this looks quite unlikely.
Put Call Ratio of index options remained almost unchanged at 1.06 as against 1.04 yesterday.
Please do not trade without Stop Loss.
With Best Wishes,
Ketan Asher.
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