NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD NIFTY FUTURE:
After a firm opening and making the day's low of 5664, Nifty Future continued its up move to make the day's high of 5729 and closed at 5700 - leaving some upper shadow on the EOD candle and indicating selling at higher levels. We are now in high resistance zone and hence this should be considered normal thing to happen.
For tomorrow, one can consider going short below 5670 with stop loss of 5705. On the down side it will find support at 5635 - 5585 and 5545.
In the event of Nifty Future continuing its up move, 5765 will be an important resistance level.
Put Call Ratio of Index Options remained almost unchanged at 1.05 as against 1.08 on the previous trading day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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