NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
In today's trading, Nifty Future opened firm (with the day's low of 5550) and remained sideways for better part of the day except in the last hour when it made the day's high of 5610 and closed firm at 5600.
The fact that Nifty Future closed near the high of the day and the fact that World markets are showing strength at the time of writing this post will ensure that we have a strong opening tomorrow. Long positions may be taken with a stop loss of 5580. On the higher side, it will find resistance at 5630, 5660 and strong resistance at 5675. Nifty Future may see a pull back from 5675 level before continuing the rally.
One can consider going short near 5675 with stop loss of 5700.
Put Call Ratio of Index Options decreased to 0.99 as against 1.11 yesterday.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
//wl there be any effect due tomumbai blastings??
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