Nifty Futures analysis for 14-09-2017

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NIFTY FUTURE 15 MIN -140917

Nifty future almost formed a double top yesterday, the previous been 10149 and yesterdays top been just 4.3 points away. Now only a break above 10149 will take it up to 10315. Failure to cross this in next few trading sessions opens up the other possibility which may take it below 9710.

For today, buy it above 10150 with a stop loss of 10095 for the target of 10229 and sell it below 10077 with a stop loss of 10115 for the target of 10021 & 9985.

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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