NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In Wednesday's trading, after a firm opening, Nifty Future did make an attempt to go up but was able to go up to the day's high of 4844 and then in the second session market showed a sharp correction and made the day's low 4747 and finally closed the volatile day at 4769. The only positive feature to a volatile day was that Nifty Future has not yet broken the previous low of 4700.
In the two trading sessions after the closure of our markets on Wednesday, US and European markets haave showed a sharp bounce. While we may follow this bounce, we must be open to the idea of breaking 4700 some time soon and take the bullish calls with this perspective.
For tomorrow, long positions may be taken with stop loss of 4740. On the higher side, it will find resistance at 4820 and major resistance at 4920.
I would not advise to go short at lower levels and instead wait for Nifty Future go higher up to create short position.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
No comments:
Post a Comment