NIFTY FUTURE 30 MIN
NIFTY FUTURE :
In Friday's trading, Nifty Future opened firm, but could not go beyond 5290 and just managed to fill the gap - that too partly. Thereafter, Nifty Futture maintained downward bias to make a low of 5252 and closed at 5245.
In view of weak US markets, we can expect the opening to be weak. One can go short below 5200 with stop loss of 5230. On down side it will find support at 5165 - 5120. Close below 5165 will take Nifty Future to 5030 or worst still 4950. It will be better not to create fresh long positions untill market direction is clear or it settles down near 4950 level.
Put Call Ratio of Index Options was 1.06 as against 1.31 on the previous day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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