NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In today's trading, Nifty Future could not cross yesterday's top and continued to face resistance as Reliance remained weak. Nifty Future has made lower top and lower bottom for the day -suggesting weakness, but EOD candle does leave hopes that it can recover tomorrow. Moreover there is strong support upto 4835 so hopes of continuation of up move are not yet lost. As has been mentioned yesterday, participation of Reliance is necessary for Nifty Future to go above 4940.
For tommorrow, one should buy Nifty Future when it crosses 4940 or at lower levels around 4835 with stop loss of 4800. On higher side, it will face resistance at 4985 and 5010.
Put Call Ratio of Index Options increased to 1.08 as against 1.02 yesterday.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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