NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
Once again today's trading remained in a very narrow range of just 31 points. Nifty Future could not go above 5275 and made a low of 5244. With 6 1/2 hours of trading time, it is a real test of patience for those trading in Nifty Future.
With so many items making New High every day and US markets too being so buoyant, it is just a matter of time when Nifty Future too breaks the previous high of 5305.
For tomorrow one should consider buying Nifty Future after it goes above 5275 with a stop loss of 5250. On higher side, it will find resistance at 5330 and 5375.
Bearishness should be considered only if Nifty Future goes below 5225 and it will find support at 5200 and 5170.
Put Call Ratio of Index options increased to 1.38 as against 1.06 yesterday.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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