NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
As expected Nifty Future open firm and remained so throughout the day, but with a narrow range - suggesting caution. The day's High & Low were 5449 and 5388 respectively and closed the day at 5434. With yesterday's movement we continue to remain withing the triangle shown on the chart (in brown) and hence does not indicate either side bias.
For today, short position may be considered below 5400 with stop loss of 5435. On the downside it will support at 5385 - 5365 and 5320.
Long positions are best avoided until we get a clear indication of the strength returning to the market.
Put Call Ratio of Index Options increased to 1.13 as against 0.99 on the previous trading day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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