Nifty Futures analysis for 09-05-2018

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Nifty Future Daily Chart

Nifty Future continues to trade just above its resistance of 10731 but does not have any momentum to rally upward decisively. At the same time, it is not breaking its supports at 10697,10640. It is not providing any trading opportunity yet. Wait for the clear trend to emerge before we take any trade in it.

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Disclaimer:
Vinay Agrawal will not accept any liability for loss or damage as a result of reliance on the information contained within this tool including data, quotes, charts and buy/sell recommendation. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Future and options trading on margin involves high risk and is not suitable for all investors. Before deciding to trade in Equities, Commodities, Currency, Derivatives or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

Contact Nifty Futures analysis for 07-05-2018

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Nifty Future Daily Chart

Nifty Future declined and took support at 10640 on Friday. It retraced just above 61.8%  of its decline from 11185.6 to 9960 and reversed to close at 10658.7, below its important support of 10697. It has the supports at 10640,10605 and 10589 and resistance at 10697,10714 and 10731. With the cluster of supports and resistance very near to its close on Friday, it does not provide a good trading opportunity until broken on either side. The Stochastic Oscillator and the RSI on the daily chart indicate the possibility of a further decline.

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Disclaimer:
Vinay Agrawal will not accept any liability for loss or damage as a result of reliance on the information contained within this tool including data, quotes, charts and buy/sell recommendation. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Future and options trading on margin involves high risk and is not suitable for all investors. Before deciding to trade in Equities, Commodities, Currency, Derivatives or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

Nifty Futures analysis for 04-05-2018

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Nifty Future Daily Chart

Nifty Future has multiple supports between 10695 and 10705 and has resistance at 10731 and 10785.The support of 10695, if broken, can take it to 10640 and 10605.5.If 10731 is crossed then it may go up to 10785 and 10840 levels.The status of the Stochastic oscillator and the RSI indicates that it is poised for the decline and may correct the advance from the low of 9960 to the high of 10787.95 before resuming its uptrend.

Email comments or questions to vinayagrawal1411@gmail.com

Disclaimer:
Vinay Agrawal will not accept any liability for loss or damage as a result of reliance on the information contained within this tool including data, quotes, charts and buy/sell recommendation. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Future and options trading on margin involves high risk and is not suitable for all investors. Before deciding to trade in Equities, Commodities, Currency, Derivatives or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

Nifty Futures analysis for 03-05-2018

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Nifty Future Daily Chart

Nifty Future has the crucial support at 10731 and the critical support at 10697 for this settlement.A break of 10697 on closing basis can take it to 10605 which is the last support for the bulls to sustain this rally higher.The resistance is at 10785 and 10843 for this settlement.If 10843 is crossed the chances of it making a new high above 11185.6 increases significantly.

I am not giving any trade today.But based on the above you can trade looking at the supports and resistance levels.

Email comments or questions to vinayagrawal1411@gmail.com

Disclaimer:
Vinay Agrawal will not accept any liability for loss or damage as a result of reliance on the information contained within this tool including data, quotes, charts and buy/sell recommendation. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Future and options trading on margin involves high risk and is not suitable for all investors. Before deciding to trade in Equities, Commodities, Currency, Derivatives or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

Nifty Futures analysis for 02-05-2018

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Nifty Future Daily Chart

Nifty future continues to accelerate higher and meets resistance at 10784.It now has the resistance at 10842.5 and supports at 10757.75 and 10697. The Keltner Channel, on the daily chart, failed to act as a resistance and its slope is rising higher indicating that this uptrend may continue.

The day traders can buy it above 10788 with a stop loss of 10754 for the target of 10842.

The positional traders can buy it above 10773 with a stop loss of 10724 for the target of 10842 and 10890.

Please do not trade for first 15 minutes of the session.

Email comments or questions to vinayagrawal1411@gmail.com

Disclaimer:
Vinay Agrawal will not accept any liability for loss or damage as a result of reliance on the information contained within this tool including data, quotes, charts and buy/sell recommendation. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Future and options trading on margin involves high risk and is not suitable for all investors. Before deciding to trade in Equities, Commodities, Currency, Derivatives or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

Nifty Futures analysis for 26-04-2018

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Nifty Future Daily Chart

Nifty Future crossed its critical resistance of 10697 which will act as a support.It has the resistances at 10785 and 10843.Buy and sell will be the strategy until it closes below 10605 for positional trades.

The day traders can buy it above 10713 with a stop loss of 10684 for the target of 10784 and 10842.Sell it below 10684 with a stop loss of 10714 for the target of 10638 and 10606.

The positional traders can buy it above 10697 with a stop loss of 10634 for the initial target of 10785 and 10900.

Please do not trade for first 15 minutes of the session.

Email comments or questions to vinayagrawal1411@gmail.com

Disclaimer:
Vinay Agrawal will not accept any liability for loss or damage as a result of reliance on the information contained within this tool including data, quotes, charts and buy/sell recommendation. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Future and options trading on margin involves high risk and is not suitable for all investors. Before deciding to trade in Equities, Commodities, Currency, Derivatives or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

Nifty Futures analysis for 26-04-2018

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Nifty Future Daily Chart

Nifty future breaks its layer of supports to decline to 10531.8 and closed at 10569.05. It now faces resistance at 10579.7, 10605 and has supports at 10561 and 10551.While the Stochastic oscillator and the RSI indicator indicates the weakness, the most important component, the price, refuses to decline and continues to remain in a range bound sideways direction. I will wait for the price action for the clue to decide the trend and trade.

The day traders can trade Nifty Future April series, buy it above 10613 with a stop loss of 10588 for the target of 10673 and sell it below 10551 with a stop loss of 10580 for the target of 10514 and 10476.

The positional traders should avoid taking a position today since it is the expiry date for current series. Let the trend emerge to initiate a fresh position in it.

Please do not trade for first 15 minutes of the session.

Email comments or questions to vinayagrawal1411@gmail.com

Disclaimer:
Vinay Agrawal will not accept any liability for loss or damage as a result of reliance on the information contained within this tool including data, quotes, charts and buy/sell recommendation. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Future and options trading on margin involves high risk and is not suitable for all investors. Before deciding to trade in Equities, Commodities, Currency, Derivatives or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.