NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In yesterday's trading, Nifty Future remained weak in the 1st half of the day and made a low of 6060 and in the last hour made a top of 6149 and closed firm at 6140. Though the close has been good, when we see the rise in context with previous week's fall - it looks miniscule. On the EOD chart, you will observe current trading range of 5953 and 6349. We are currently trading below this swing's mid point at 6151.
Fresh short position should be created below 6124 with stop loss of 6170. The next major resistance on the higher side will be 6200 and the same can be sold into, with a Stop Loss of 6240.
As mentioned yesterday, I would not advise buying the pull backs, as close below 6000 will make Nifty Future very weak.
Put Call Ratio of Index Options remained almost same at 1.00 as against 1.07 on the previous trading day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
No comments:
Post a Comment