NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
On the last trading day - Thursday, Nifty Future opened firm and made a high to 4849 and closed at 4829. The good part of last week's trading was that Nifty Future made higher bottom and higher top for the last 3 trading days and that has helped Nifty Future post a bullish candle on the weekly chart after three bearish weeks and down by about 12%.
On the last trading day - Thursday, Nifty Future opened firm and made a high to 4849 and closed at 4829. The good part of last week's trading was that Nifty Future made higher bottom and higher top for the last 3 trading days and that has helped Nifty Future post a bullish candle on the weekly chart after three bearish weeks and down by about 12%.
For tomorrow's trading, one can buy Nifty Future with stop loss of 4775. On higher side, it has to cross 4850 to gain strength. On crossing the 4850 level, it will also cross the trend line shown on EOD chart and that should help getting the traders back to the bullish view. It will face resistance at 4920 and 5000.
I would not advise going short at these levels, except at resistance levels that too for a quick 20 odd points gain.
Put Call Ratio of Index Options increased to 1.01 as against 0.94 on the previous trading day.
Please do not trade without STOP LOSS.
With Best wishes,
Ketan Asher.
No comments:
Post a Comment