NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In today's trading Nifty Future opened steady and made a high of 5353 but as European markets opened weak, in the second half Nifty Future went down to make a low of 5287 and closed at 5321. Reliance continued to remain weak and closed near the low of the day. Reliance below 1020 can accelerate weakness in the market.
For tomorrow, short position may be taken below 5300 with stop loss of 5335. At lower levels, Nifty Future will find support at 5250 as shown on the 30 min chart. If Nifty future trades below 5250, it can go down to 5150 in the coming days where it should find strong support.
Fresh long positions, should be taken only above 5350. On higher side it will find resistance at 5375 and 5420.
Put Call Ratio of Index Options remained almost unchanged at 1.07 as against 1.09 yesterday.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
PS : I hope those who are following me on Twitter are getting good trading opportunities.
Please do not trade without stop loss.
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