NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In today's trading Nifty Future continued its bearishness led by SBI, Reliance and Infosys. During the day Nifty Future made the day's high of 5464, low of 5398 and closed the day at 5424. Finally, Nifty Future almost met the target of 5393.
After the day's low, Nifty Future did make effort to go up and closed marginally above the day's low. For tomorrow long positions may be considered above 5440 with stop loss of 5420. On the higher side, it will face strong resistance at 5470-5480 levels, There is a good possibility of a pullback from this level before Nifty Future attempts further up move to the 5515 and 5540 level (Trend line in Red).
Short position must be avoided at lower levels as major downside is possible only when Nifty Future trades below 5300 levels.
Put Call Ratio of Index Options remained unchanged at 0.88 level.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
No comments:
Post a Comment