NIFTY FUTURE WEEKLY
The 8th week has finally given much awaited correction and an opportunity to buy at lower levels. The last week saw a small trading range of 179 points (High 5635 & Low of 5456) but neither broke the previous week's high nor low. It closed the week at 5487 - near the low of the week, suggesting weakness to continue for the next week.
The 8th week has finally given much awaited correction and an opportunity to buy at lower levels. The last week saw a small trading range of 179 points (High 5635 & Low of 5456) but neither broke the previous week's high nor low. It closed the week at 5487 - near the low of the week, suggesting weakness to continue for the next week.
For the coming week, down side break of 5400 will accelerate the fall where as on the higher side 5555 will provide resistance.
Break of 5400 will take Nifty Future down to 5270 and 5150 and these levels can be used for buying for a possible rally around budget time.
With Best Wishes,
Ketan Asher.
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