NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
With US markets closing on the higher side yesterday, Nifty Future opened firm at 4855 maintained steady up move to make a high of 4925 and closed at 4917.
For tomorrow, one can consider buying Nifty Future above 4931 with a stop loss of 4900. On higher side, it will find resistance at 4975 - 5020 and 5075.
As suggested in the previous post, please avoid going short at lower levels. Those who have bought at lower levels in the past few day's and are in profit, will do well to book profit at higher levels, as Nifty Future should be considered out of danger only above 5225. To confirm that market is in a new up move, we have to see if Nifty Future sustains the up move after completion of FNO settlement.
You will do well to avoid going short at lower levels. As such, it is advisable not to remain short if Nifty Future moves above 4975.
Put Call Ratio of Index Options remained almost unchanged at 1.10 as against 1.07.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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