NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In Friday's trading, Nifty Future opened firm and made the day's high of 5640 and could not sustain at higher levels. On the downside it took support on the trend line and made the day's low of 5564 and closed the day marginally up at 5587.
Tomorrow, one can consider going short below 5555 with stop loss of 5585. On the down side, it will find support at 5515 - 5470 and 5420. One can consider going long at 5420 with stop loss of 5400.
On the higher side, it will gain momentum only above 5650 but looks unlikely that it will happen.
As Nifty Future looks for a trend, expect volatility to be above average.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
PS: Please read the Nifty Future monthly page and also see the chart.
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