NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD NIFTY FUTURE :
After a firm opening and after making the day's low at 5850 in the first hour, continued its upward journey to make the day's high of 5955 and closed the day firm at 5943. In all probability, it should continue its firm trend today to test its next important target of 6000.
Considering the strength displayed by the market, one can continue long position with stop loss of 5900. As is being mentioned, 6000 is an important level to decide if there is some more up side left - or healthy correction (rather much needed) will start?
Short position may be considered at 6000 with stop loss of 6050. On the down side, it will find support at 5900 and 5865. In case of weak opening, one can consider going short below 5900. On the down side, it will find support at 5865 and 5815.
Put Call Ratio of Index Options decreased to 1.15 as against 1.30 on the previous trading day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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