NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE :
Contrary to my expectations, Nifty Future opened with a down side gap and went down to make the day's low of 4561. In the later part of the day, it made a high of 4634 and filled the gap and closed the day at 4624. As I had mentioned in yesterday's post, I am hopeful of Nifty Future taking support at this level and in that context it is nice to see an EOD candle with long lower shadow suggesting the possibility of a bounce - of course subject to many hurdles along the way.
For tomorrow, one can consider going long above 4634 with stop loss of 4590. On the higher side, it will find resistance at 4670 - 4700 and 4735. I do not advise short position at lower levels.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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