NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In today's trade, Nifty Future opened firm on the back of positive close in US markets. During the day, Nifty Future made a high near 5412 twice, but could not cross the hurdle of 5420. All said, weakness in last one hour yesterday, was forgotten and once again it is keeping my hopes alive that Nifty Future will cross the hurdle of 5420 and 5450 soon. Steel sector closed firm and could take the lead tomorrow and will be supported by Reliance if it is able to move above 1071 and 1085.
Tomorrow, fresh long positions in Nifty Future should be taken with stop loss of 5370. On higher side it will find resistance at 5420 - 5450 and 5475.
Short positions should be taken only below 5340 with stop loss of 5375.
Put Call Ratio of Index Options decreased to 0.96 as against 1.16 yesterday.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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