NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
On the back of weak US markets, Nifty Future opened with down side gap and made a low of 5162 - 1/3 level, and saw a good bounce to make a high of 5226 and closed at 5207.
Tomorrow, Nifty future can cme to fill the gap left today. One can go short at higher levels if Nifty Future touches 5285 levels as this could be a strong resistance area. Short position should be protected with stop loss of 5300.
Buying Nifty Future should be considered if Nifty Future comes to a level of 5120 as this could be a strong support area. Buy position should be protected with stop loss of 5090.
Put Call Ratio of Index Options decreased to 0.86 as against 1.02 on the previous day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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