NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In today's trading Nifty Future opened with a down side Gap and remained weak throughout the day and made a low of 5202 (but did not break 5200) and closed at 5218. The EOD candle does give hope that tomorrow Nifty Future can improve if it moves above 5235.
One can consider going long if Nifty Future moves above 5235 with stop loss of 5200. On higher side it will find resistance at 5255 - 5275 and 5315. Long position must be taken with a tight stop loss.
Fresh short positions should be taken below 5185 with a stop loss of 5225. On lower side it will find support at 5165 and 5120.
Put Call Ratio of Index Options remained almost same at 1.05 as against 1.06 on the previous trading day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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