NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
PLEASE READ THE PREVIOUS POST TITLED : SPECIAL UODATE - NIFTY FUTURE MONTHLY
NIFTY FUTURE :
NIFTY FUTURE :
In today's trading, Nifty Future continued its up move for the 5th day in a row and closed (5590) near the high (5594) of the day. While in the 1st hour, Nifty Future did show some hesitation in going up, but held up after making the day's low at 5546. While during the day volatility was very low, due to short covering Nifty Future surged to close the day near the high.
Considering the weakness in the World markets (down by over 1 %) at the time of writing this post, there is a good possibility that we have a weak opening. One can consider going short below 5570, with stop loss of 5605. On the down side we have support at 5555 - 5515 and 5480. At this level, one can consider going long - for a bounce, with a stop loss of of 5450.
Put Call Ratio of Index Options increased to 1.21 as against 1,1o yesterday.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
No comments:
Post a Comment