NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In yesterday's trading, Nifty future remained weak and in 30 point range throughout the day. The positive feature for the day's trading was that it did not break 5300 levels and has taken support on the trend line shown in the EOD chart.
Considering that 5300 level has been held for 3 day's, one can consider going long if Nifty Future goes above 5345 and keeping a tight stop loss of 5300. On higher side it will find resistance at 5365 and 5420-5440 levels.
One can go short, if Nifty Future trades below 5300 and keep stop loss of 5340. On down side it will find support at 5285 and 5225.
Put Call Ratio of Index option decreased to 1.01 as against 1.35 on the previous trading day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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