NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In today's trading Nifty Future opened at yesterday's level but could not cross 5296 and went down to make day's low at 5245 and bounced back to 5293 and closed at 5261.
For last two day's Nifty Future has been forming lower bottom and lower top suggesting weakness.
For tomorrow, one should consider buying only above 5300 with stop loss of 5265. On higher side it will find resistance at 5345 and 5370.
Considering sideway movement during the day, it will be advisable to go short only bewlow 5240. On downside, it will find support at 5225 and strong support at 5170. One can consider going long at this level with stop loss of 5150.
Put Call Ratio of Index Options was marginally lower at 0.96 as against 0.99 yesterday.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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