NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In yesterday's trading the fall has not breached 4680 levels given as support and lets hope the same holds good for today also.
Fresh long positions should be be created above 4730 with 4680 as stop loss. On higher side it will find resistance at 4760 and will gain strength above this level. It will find major resistance at 4820.
For those who are short would be better off by squaring up their short position.
We will have to wait for Monday's full trading session to know whether the low formed yesterday will hold.
Put Call Ratio of Index Options increased to 1.13 as against 1.05 yesterday.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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