NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
As expected market opened with a downside gap and made a low at 5180 and went to make an intra day high of 5260 and closed at 5213 - marginally above the day's open. You will observe on the EOD chart, that the day's candle does suggest weakness.
For tomorrow, one can consider going short below 5225 with stop loss of 5260. on lower side it will find support at 5165 and 5125. It is better to avoid long positions till Nifty Future trades near 5000 levels. Moreover, with only 2 trading days (24th being trading holiday) to FNO settlement, volatility can be expected to be higher.
Put Call ratio of Index Options remained almost unchanged at 1.07 as against 1.09 on the previous day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
No comments:
Post a Comment