NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
The positive feature of today's trading was that Nifty Future did not go below yesterday's low and also closed near the high of the day. However, you will observe on the EOD chart that it still remains within the channel shown on the chart.
For tomorrow's trading it is advisable to create fresh long positions only above 5050 with stop loss of 5025. On higher side, it will find resistance at 5100 - 5150 and 5170. Kindly note that 5100 continues to remain a strong resistance.
Fresh short position should be created only below 4920 with stop loss of 4950. On lower side, it will find support at 4865 and 4800.
Put Call Ratio of Index Options reduced to 1.09 as against 1.22 yesterday.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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