Nifty Futures analysis for 8-09-2017

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8-09-2017
Nifty futures chart for 60 mins

 

Nifty future has reversed twice from 9982 during this week. So buying of it should only be considered above 9982 which is a resistance, with a stop loss of 9956 for a target price region of 10008-10018.

Sell it below  9927 with a stop loss of 9965 for the target price of 9887.

Remember positional long trades can only be taken above 10019 and short positions below 9887 level.

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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