NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In today's trading Nifty Future opened firm and made a new high @ 5387, but could not cross the trend line as can be seen on the EOD chart. By the end of the day, Nifty Future closed at 5367.
Considering today's candle, we can still expect Nifty Future to cross the trend line at 5397 tomorrow and face strong resistance at 5420-5440 levels. At these levels I would not recommend new long positions. Existing long positions should be trailed with stop loss of 5350.
One can consider going short if Nifty Future trades below 5330 with stop loss of 5365. It will find support @ 5285 and 5245.
Put Call Ratio of Index Options remained at 1.20 as against 1.22 yesterday.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
No comments:
Post a Comment