Nifty Futures analysis for 1-09-2017

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nifty fut 010917 E
Nifty Futures 60 min chart

There is no change in outlook for today. We expect the level of 9940 should act as the resistance. We will not trade for first 15 minutes of the day. Then if nifty future trades above 9940 an intraday long position can be taken for a target of 10000.00-10008.00 with a stop loss of 9910.

One can go short below 9910 with a stop loss of 9933 for the target of 9856 & 9822 levels.

for detailed chart click here

For further trades or queries,
write back @ vinayagrawal1411@gmail.com

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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