NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In yesterday's trading, after a weak opening, Nifty Future took support at 5703 but remained volatile during the day. It made a high of 5781 and in the second session made one more attempt to go down. As it did not break 5700 it closed in the green for the day at 5760.
For today, one can consider going long above 5780, with a stop loss of 5740. On the higher side, it will find tough resistance at 5825-5850 level. If it is not able to breach this resistance and comes down - may be post Reliance/TCS results tomorrow, there is a good possibility that next time it will break 5700 level.
Short positions may be considered only at 5825-5850 level with Stop loss of 5871.
Put Call Ratio of Index Options decreased to 0.90 as against 0.94 on the previous trading day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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