NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In today's trading Nifty Future remained weak and moved within a narrow range of 5299 and 5334. It closed at 5309 - near the low of the day and has also started making lower top and lower bottom. However the positive feature was that it has remained above the trend line in the 30 min chart and also above 5280 level referred for the past few days.
For tomorrow, one should go short only below 5280 with stop loss of 5325. On lower side it will find support at 5250 and 5220.
One can consider going long above 5325 with stop loss of 5280. On higher side it will find resistance at 5350 - 5420 and 5465.
Put Call Ratio of Index Options increased to 1.11 as against 0.99 yesterday.
In view of the FNO settlement due on Thursday, the volatility may increase - hence please do not forget to use STOP LOSS.
With Best Wishes,
Ketan Asher.
No comments:
Post a Comment