NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
Having come of the Andrew's Pitchfork, Nifty Future continued to maintain downside bias in Friday's trading. It left the previous gap at 5454 unfilled by just 2 points (low of 5456).
For tomorrow. break of 5450 will take Nifty Future down to an important support level at 5403 (High of previous quarter). There could be a bounce from this level up to 5500 and the same should be factored into your trading. Its only when 5400 is broken, we will have more down side, which can take Nifty Future down to 5300 and 5270.
On the higher side 5555 will provide resistance and this level should be used as stop loss of short positions.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.
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