NIFTY FUTURE 30 MIN /NIFTY FUTURE EOD
NIFTY FUTURE:
In today's trading, Nifty Future opened at yesterday's level and managed a high of 6321 in early trades. Thereafter, it maintained a downward bias and saw a sharp fall in the 2nd session to a low of 6209 and closed at 6233.
Please note that 6180 - 6200 range is a good support area. Coupled with that, Friday effect tomorrow may help Nifty Future to bounce back to 6280, hence at lower levels - be cautious of short positions. I have also updated the TP Grid which should be of help.
In case Nifty Future breaks 6180 level, it will find support at 6155 - 6125 and 6100. Unless there are some external events, I don't think 6180 will be broken tomorrow, in view of the multiple supports as indicated above.
As time permitted, I have made a quick and brief post and I hope it will be of help to the readers.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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