NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD/ NIFTY FUTURE WEEKLY
The good part of last week's trading was that Nifty Future closed with higher top / higher bottom. May be due to holiday considerations, the last day saw very low volumes and closed near the low of the week. During the week, Nifty Future saw a range of 194 points (High 4804 & Low 4614) and closed the week at 4634.
As the close has been week, I would advise going short only if Nifty Future trades below 4600 with strict stop loss of 4640. On the down side, it will find support at 4560. As such major down side should now be considered only when Nifty Future trades below previous quarter's low of 4538 and hence one needs to be very careful around this level and be quick footed to change the view. Please note that I have updated previous quarters High & low of FNO items, elsewhere on the blog.
Major up side can be expected only when Nifty Future trades above 4690.
Have a nice weekend!
Ketan Asher.
PS: There will be no seperate post for Monday as I have covered my view for Monday in the above post. Please don't miss out the post given below.
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