Nifty Futures analysis for 28-08-2017

The weekly chart of nifty future (rolling) indicates that a minor top is in place and the nifty futures should correct and the correction which has just begun 3 weeks back from the top of 10149.9 may last for next few weeks. The target of this Correction is around 9400-9450 region.

Now for trading point of view 9856 & 9822 are the supports for this week. Resistances are at 9940 & 10010 levels.

niftly fut weekly 240817 Edited

The 60 min intraday charts suggest that there is a resistance at 9904 & 9920 levels (downward sloping channel & keltner channel) for today. The support is at 9870 and 9856 level.

nifty fut 60 min-280817 edited.jpg

For detailed charts:

Nifty Futures weekly click here

Nifty Futures 60 mins 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.


Author: Vinay Agrawal

VINAY AGRAWAL is SEBI registered Research Analyst. (Reg no INH000004501) with an excellent grip on technicals analysis, fundamentals and equity derivatives. Vinay Agrawal is a Technical Analyst. He has a vast experience of 26 years in the financial markets. He is the director of Blue chips corporate services Pvt Ltd, which is engaged in stock broking. Disclaimer: Investment is subject to market risk. No representations shall be entered that the predictions made by us herein will be profitable or otherwise. Readers using this information are solely responsible for their actions. The information is based on our personal assessment/judgment and we shall not be liable for any losses and damage.

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