NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
With US markets closing positive, Nifty Future opened firm and made a high of 5255 to fill the gap left yesterday. Thereafter, it came down and closed at 5226.
While today's candle does suggest some more down side, but that eventuality will gain credence only if Nifty Future goes below 5200. Tomorrow, one can consider going long with stop loss of 5190. On higher side, 5275 - 5305 and 5365 will act as resistance levels.
Fresh short position should be taken below 5190 with stop loss of 5230. On down side 5165 and 5120 will act as support.
Put Call Ratio of Index Options increased to 1.01 as against 0.86 on the previous trading day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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