Asian markets trading mixed with negative bias. Rupee tend to open weak as dollar looks strong against all major currencies. Nifty future discount increased 10 points where cost of carry decreased.Nifty Open Interest increased on Friday suggests shorts have be added more. Nifty PCR (put call ratio) is @ 0.83.3800 PE and 4100 CE have added more Open Interest.Upto 4085 short @ every rise. As I said in weekly column I am for 3713.
Nifty Fut Support @ 3902 & Resistance @ 4085
3947 - 3963 - 3978 - 4009 - 4024 - 4039
Intraday calls ::
SHORT APOLLOHOSP @ 537 - 550 SL 555 TGT 530 - 525 [ ALL TARGETS DONE]
BUY POWERGRID @ 102 - 102.70 SL 101.30 TGT 104.35 - 105.30 - 106 [SL HITS]
Happy Trading.
3 comments:
hi jai
Hi Jai Sir,
The Levels to watch at 3902 is very important. I want your Long term target of sub 3700 for investing fresh
Kindly post the daily candle stick of nifty spot and fut from march till date. Sure it will help the new seekers to know how the basic things can be analiysed
sure swaroop, but charts on future from march will take time, so will post charts daily from here on.
Post a Comment