NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
At the outset, my apologies for not being able to post TURNING POINTS FOR 28.06.2010.
In today's trading Nifty Future opened steady and remained sideways during the first half. In the last two hours Nifty Future made a high of 5345 and closed at 5340.
Tomorrow, long positions may be taken up with stop loss of 5290. On higher side, it will find resistance at 5370 - cusp of the ellipse shown on the EOD chart and 5420 - Median line of Andrew's Pitchfork shown on 30 min chart. With Reliance closing firmly above MTP of 1087, there is a good possibility of it providing the leadership to the market.
Short position may be considered only below 5290 with stop loss of 5325. At lower levels, it will find support at 5220 and 5200.
Put Call Ratio of Index Options remained almost unchanged at 1.26 as against 1.29 in the previous day's trading.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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