NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
Last week's trading ended on a firm note, indicating continuation of the onward march of Nifty Future. Next week should be an interesting trading week with FNO settlement scheduled for Thursday.
Tomorrow, Nifty Future may open with a gap and will find resistance at 6076, 6115 and major resistance @ 6170. Avoid buying in the gap open, instead let it stabilise and buy on down move with a stop loss of 6000. Major worry on the up side arises only if Nifty Future is not able to take out 5270 which will act as a strong resistance.
Short position may be considered only below 5975 with a stop loss of 6000. Major worry on the down side will arise only when the Trend Line on EOD chart is broken at 5950.
Put Call Ratio of Index Options increased to 1.38 as against 1.22 on the previous day.
Enjoy while the good times last.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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