NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD NIFTY FUTURE :
Having completed a short week of 3 trading days which ended as a doji, we now have a 4 day trading week. Last Friday, Nifty Future closed at 5834, near the low for the day at 5821.
Tomorrow, if Nifty Future makes an attempt to go up, one can consider going short with a stop loss of 5875. In case of a weak opening, it would be better to consider fresh short positions only when Nifty Future trades below 5800 with stop loss of 5835. On the down side, it will find support at 5750 and 5700.
In the event Infosys does not go below 3000, fresh long positions may be considered above 5875 with stop loss of 5850. On the higher side it will find resistance at 5940 and 5980.
Put Call Ratio of Index Options increased to 1.04 as against 0.95 on the previous trading day.
Please do not trade without Stop Loss.
With Best Wishes,
Ketan Asher.
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