Nifty Futures analysis for 29-08-2017

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NIFTY FUT 60 MIN-290817 E.jpg
Chart of Nifty Futures (Intra-day 60 mins chart)

Nifty future (rolling) will move in a narrow range for next few days. A break of upside resistance at 9940 will be a short term (intraday) buying opportunity with a target price of 10000. The stop loss will be at 9908. Selling should only be considered below 9884 with a stop loss of 9917 and target price of 9856 and the most likely target of 9822-9825.

For detailed 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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