NIFTY FUTURE 30 MIN/ NIFTY FUTURE EOD
NIFTY FUTURE :
In today's trading Nifty Future opened below previous day's level as against the general expectation of gap up opening, as US markets had declined marginally. As such, this gave a good buying opportunity as market did not go below 5204 and in the last one hour went up to 5264 and closed at 5261 - near the high of the day, which coupled with rise in US markets today indicates strong opening tomorrow in the new FNO settlement.
For tomorrow's trading, one should go long above 5250 with stop loss of 5220. On higher side market will find resistance at 5303 (previous top), 5325, 5365 and 5400.
Put Call ratio of Index Options decreased to 0.92 as against 1.13 on the previous day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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