NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In today's trading, Nifty Future traded in a narrow range of 65 points (High 5635 & Low 5570) and closed at 5622. The days' up move was mainly led by Banks and Reliance,
While the announcement of Greece deal did boost our market sentiment, interestingly the European markets are trading weak.
For tomorrow, short position may be taken at higher levels with stop loss of 5675 or alternatively below 5560 with stop loss of 5600. Nifty Future will find support at 5500 and 5450.
As mentioned yesterday, at higher levels 5725 will provide tough resistance due to trend line on the Weekly chart.
I continue to recommend to buy on declines though break of even previous day low is still no where in sight. I am sure those who have patience will get rewarded, if not till this Thursday, may be soon thereafter.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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