NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
We had one more day of volatile trading, where Nifty Future made a new high at 5415 but closed weak at 5355 - near the low of the day at 5340. Though spot Nifty did break previous day's low (after 5 days) the same has not yet happened with Nifty Future. However, some of the front line stocks did show weakness.
For tomorrow, one can consider going short below 5330 (with stop loss of 5375) or in the unlikely event of Nifty Future trading higher, one can consider going short with stop loss of 5420.
On the down side, it will find support at 5300 and 5270. Break of 5270 can take Nifty Future down to 5170 and 5135 in the coming days.
Please note that along with anxiety about Greece, the worry on higher crude can spoil the party - though the strength of the rally is much stroner than earlier and hence buying at lower levels is advisable.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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