NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In Friday's trading Nifty Future continued to remain in 50 points range. The point to be noted here is that Nifty Future has not been falling much , although sectors like Auto and Infotech have given substantial correction in the last two days. Moreover, strong close in US markets and positive statements by our PM about 9% growth should help the sentiment.
After making lower lows and lower highs for the past two days, we must consider that trend will become positive above Friday's high of 5286.
For tomorrow, either one can buy with stop loss of 5210 in the opening session, or buy when Nifty Future breaks 5290 with stop loss below day's open - depending on individual risk profile.
On higher side 5345 and 5365 range should offer strong resistance.
Nifty Future should be considered weak below 5200 and more so if it closes below 5170.
Put Call Ratio of Index Options was @ 1.17 as against 1.27 on the previous day.
Please do not trade without STOP LOSS as market may have a sharp movement above 5305 on the up side and 5200 on the down side.
With Best Wishes,
Ketan Asher.
No comments:
Post a Comment