NIFTY FUTURE 30 MIN/ NIFTY FUTURE EOD
NIFTY FUTURE:
In a volatile trading yesterday, Nifty Future made a new high (4799) over the previous day, but gave up all the gains. Interestingly, in a short span of 15-20 mins Nifty Future made the day's High & Low (4738). Yesterday's price action has to be taken as a pause after a sharp rise the day before.
For today, one can consider going short below 4735 with stop loss of 4770. On the down side, it will find support at 4700 - 4685 and 4635.
Fresh long position may be considered above 4810 with stop loss of 4770. Alternatively, one can even consider going long in the opening session, with stop loss of 4735. On the higher side, it will find resistance at 4840 - 4920.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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