NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In yesterday's trading, Nifty Future opened with a downside Gap. It did make an attempt to fill the Gap but failed to do so and in the second session fell more sharply to make the day's low of 5605 . During the early session, it made a High of 5659 and finally closed the day at 5617 - with a small lower shadow on the EOD candle.
In view of the weak Global markets, we too may see a weak opening, but as shown on the EOD chart, we may see Nifty Future taking support around multiple support area near 5555-5590. There is a gap on the EOD chart at 5559-5564 and it may get filled today. As indicated yesterday, one can consider going long around 5580 (Trend LIne support)
with stop loss of 5550. In the unlikely event of Nifty Future breaking 5555, it may test 5475 level.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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