NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In today's trading, Nifty Future opened with a gap and after a volatile trade made a high of 5398 and low of 5333. It closed the day at 5367. As mentioned yesterday, though 5400 is a strong hurdle, Nifty Future did not give up the strength and continued to make higher top / higher bottom even today. On the higher side, crossing of 5405 can take Nifty Future to 5420 and 5450.
For tomorrow, one can consider going short with stop loss of 5420. On the down side, it will find support at 5330 - 5270 and 5225. Once Nifty Future trades below 5270, there is good possibility that Nifty Future can go down to retest the level of 5100.
Caution is advised at higher levels and it is best to consider buying only at lower levels of around 5100.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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