Nifty Futures analysis for 12-09-2017

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Nifty future -60 min 110917
Nifty Futures 60 min chart


Nifty broke the upside resistance of 10019 yesterday and generated a positional buy signal. Now it has resistances at 10070 & 10124 and support at 9982.

For today maintain a long position above 10023 with a Stop loss of 9980 for the target price of 10070 and 10017-10124 region.

The short position should only be initiated below 9980 with a stop loss of 10024 for the target price of 9920-9930 region.

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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