NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In today's trading, Nifty Future opened strong and made the day's high of 5690, but could not sustain at higher levels and came down to make the day's low of 5642 and closed right at the middle 5666 - making EOD candle as doji, indicating indecision.
For tomorrow, one can consider going short below 5660 with stop loss of 5702. On the down side, Nifty Future will find support at 5575 and 5555.
I continue to maintain that down side is possible, before Nifty Future resumes upward march ahead of results. However, existing short positions should be held with stop loss of 5702 and fresh buying should be considered around 5475 levels.
Put Call Ratio of Index Options increased to 1.29 as against 1.22 on the previous trading day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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