NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In spite of positive clues from US markets, Nifty Future could not breach the 4820 hurdle, and it wiped out all the gains in last one hour to close at 4751. This type of struggle should be expected till Nifty Future closes above 4920.
In spite of positive clues from US markets, Nifty Future could not breach the 4820 hurdle, and it wiped out all the gains in last one hour to close at 4751. This type of struggle should be expected till Nifty Future closes above 4920.
For tomorrow's trading, I would maintain positive bias till Nifty future is above 4720 and in case of steady opening one can buy with 4720 as stop loss. As i have mentioned in the last post, below 4720 it can retest the previous low or can even make a new low at 4640 and then bounce back.
One can buy Nifty Future above 4750 with stop loss of 4720. On higher side 4820 continues to remain a hurdle and above this 4850 and 4920 will act as resistance levels. Please note that tomorrow is the last trading day for the week and not many would like to take an exposure for the long weekend. This may result in lower volumes and consequently lower volatility. Close anywhere above 4720 should be considered positive for the next week.
Put Call Ratio of Index options marginally increased to 0.94 as against 0.84 on the previous day.Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
publish your market tips at www.onlineequitycalls.com
ReplyDelete