Nifty Futures analysis for 5-09-2017

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nifty future-15 min chart 050917 E.jpg
Nifty future 15 min chart

The market is expected to remain weak for some more time. The long position should only be considered after it crosses 10019 with a stop loss of 9974.

Sell it below 9930 with a stop loss of 9951 for the target price of 9870 and 9836, or Selling can also be considered near 9976 with a stop loss of 10019. The supports, in this case, is at 9934 &9900.5

No short position should be maintained above 10019.

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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