Nifty future analysis for 24th August 2017

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  • Nifty future has a support at 9853, 9847 & 9835 levels. Selling Nifty Futures should only be considered below 9830 with a stop loss of 9861 for a target of 9752-9720.
  • Buying for this week was only above 9884. Since the trend appears to be corrective up, I will not like to take a long position. However, if one wants to go long, place a stop loss at 9834 for a target of 9920-9943.

For Detailed Nifty Fuures chart click here

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The author(s), or a member of their household, of this report does not hold a financial interest in the securities of this company. The author(s) has followed “blackout periods” that prohibit analysts from trading securities of the companies they follow for 30 days before and 5 days after they issue a research report about the company, and prohibits analysts from trading against their most recent recommendations—subject to exceptions for unanticipated significant changes in the personal financial circumstances of the beneficial owner of a research analyst account. The author(s), or a member of their household, does not serve as an officer, director or advisory board member of the subject company. The author(s) does not act as a market maker/promoter/beneficiary in the subject company’s securities. The information set forth herein has been obtained or derived from sources generally available to the public and believed by the author(s) to be reliable, but the author(s) does not make any representation or warranty, express or implied, as to its accuracy or completeness.

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