NIFTY FUTUTRE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In Friday's trading, Nifty Future opened firm but found resistance at the day's high of 4778 and remained in a narrow range. It made second attempt to cross the days high which failed and that took Nifty Future to test the lower levels and made the day's low of 4697. It closed the day at 4721. For the day Nifty Future made higher top /higher bottom which should be considered positive although Nifty Future closed in the red.
For Monday, one can consider going long with stop loss of 4685. On the higher side, it will find resistance at 4780 and 4840. Our current positive sentiment gets boost from World markets with DOW and S & P closing near the high of the week. In these circumstances, I would not advise going short.
While this move has the potential to go up to 5050 (subject to resistance levels referred above), I would not advise being complacent and miss out putting STOP LOSS.
Wishing you a MERRY CHRISTMAS and a great week ahead!
Ketan Asher.
Ketan Asher.
No comments:
Post a Comment