NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
Although Nifty Future opened firm last Friday, it could not sustain at higher levels (high 5760) and traded weak throughout the day. In the mid session, it did make an attempt to go up but instead fell sharply to make the day's low of 5661 and closed weak at 5672.
For tomorrow, one can consider going short only below 5660 with stop loss of 5700. On the down side it will find support at 5590. At this level, one can consider going long with a stop loss of 5555. In case of bounce from 5590 level, it will find resistance at 5660 and 5700.
As Nifty Future can make one more attempt to cross trend line resistance at 5780 , it is advisable not to remain short above 5725.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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