NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In Friday's trading Nifty Future remained weak throughout the day and has taken support on the trend line shown in EOD chart and closed at 5263. With US markets closing weak on Friday, we can expect a weak opening and have to see if Nifty future takes support at 5225. If this level is broken, Nifty Future will find support @ 5165 and major support at 5120.
In today's trading, one can consider going short, if it opens around 5260 with stop loss of 5315. It is advisable to avoid going short in the event of gap down opening.
Fresh buying in Nifty Future should be considered around 5120 with a stop loss of 5095.
Put Call Ratio of Index Options decreased to 1.02 as against 1.05 on the previuos trading day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
No comments:
Post a Comment