NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In Friday's trading Nifty Future opened with a gap and made a new high of 5309 but traded in a narrow range of 37 points only. If you observe the attached EOD chart, you will find that although Nifty Future is maintaining upward bias, it is not able to cross the trend line - in Brown.
Considering the narrow range being made even after breaking the previous high, Nifty Future is not able to make a convincing move forward. Hence, it is better to avoid fresh buying at higher levels.
One can consider going short when Nifty Future breaks 5270 with stop loss of 5310. On lower side it will find support at 5245 - 5200 and 5165.
Put Call Ratio of Index Options remained unchanged at 0.92.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
PS: As mentioned earlier, please note how 52 week mid point is going up every week.
From 1st April, there will be no updates for TP GRID, which please note.
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