NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
POST FOR 17.02.2010 WILL BE UPLOADED ON 17.02.2010 BY 8.30 AM. INCONVENIENCE IS REGRETTED.
NIFTY FUTURE :
In today's trading, Nifty Future opened firm but could not cross the important level of 4850 and made a low of 4877 and closed at 4796. Today's weakness could largely be attributed to over 9 % fall in Bharati Airtel. You will observe in 30 min chart how Nifty Future has taken support on the Trend Line.
For tomorrow, it will be better to initiate buy trade only when Nifty Future trades above 4850, with stop loss of 4810. On higher side, it will find resistance at 4920 and 5000.
I would not advise going short at current levels as MACD has already generated a buy signal on EOD chart. For Nifty Future to show strength it has to move above 4850 and thereafter above 4920 levels.
Put Call Ratio of Index Options has marginally decreased to 0.95 as against 1.01 on the previous trading day.
Please do not trade without STOP LOSS.
With Best Wishes,Ketan Asher.
No comments:
Post a Comment