Nifty Futures analysis for 7-09-2017

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Nifty future -60 min 070917.jpg

Nifty future continues to remain sideways within a very narrow range. I expect a directional movement only after the break of the upper resistance of 10019 or the lower support of 9887. Positional position, in the direction of the breakout, can only be taken after the break of this range.

For today, buy it above 9936 with a stop loss of 9908 for the target price of 9976,10008.

Sell it below 9908 with a stop loss of 9936 for a target price of 9870.

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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