NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In today's trading Nifty Future opened firm and made a high of 5072, on the back of good quarterly GDP numbers. Intraday, it made a low of 5015 and closed the day and the month at 5056. As mentioned yesterday, the monthly candle does leave the hopes of continuation of the up move possible in the coming month.
In today's trading Nifty Future opened firm and made a high of 5072, on the back of good quarterly GDP numbers. Intraday, it made a low of 5015 and closed the day and the month at 5056. As mentioned yesterday, the monthly candle does leave the hopes of continuation of the up move possible in the coming month.
Nifty Future faces a strong resistance at 5100, hence at is advisable not to go long at higher levels. For tomorrow, one can either go short with a stop loss of 5105 - an aggressive approach or sell below 5000 with a stop loss of 5045. Nifty will find support at 5000 and 4920.
Put Call Ratio of Index Options marginally increased to 1.21 as against 1.19 yesterday.
Please do not trade without stop loss.
With Best Wishes,
Ketan Asher.
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