Nifty Futures analysis for 15 -09-2017

NIFTY FUTURE DAILY CHART
NIFTY FUTURE DAILY CHART

The daily chart of Nifty future suggests that it is in the wave (B) of the corrective pattern. This wave can ideally retrace from a minimum of 81%  and up to 138.2 % of wave (A), in case of Flat correction which is the likely possibility ( zig zag correction ruled out since it retraced more than 61.8 %).On completion of this wave, we expect a sharp correction, wave (C) which may take it below 9710.

Buying of it should only be considered above 10150 with a stop loss of 10009 for the target of 10229 and 10315. Selling should be considered below 10077 with a stop loss of 10117 for the target of 10021 and 9985.

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.

Nifty Futures analysis for 12-09-2017

 

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

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.

Morepan Lab

 

MOREPAN WEEKLY-080917.jpg
Morepan Lab weekly chart

 

MOREPAN LAB
Buy it for a time frame of 12 months above Rs 21.75 with a stop loss of 14.65 for the initial target of Rs 51.5.

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.

Nifty Futures analysis for 11-09-2017

NIFTY FUTURE 60 MIN-110917.jpg
Nifty Future chart for 60 mins

Nifty future continued to move in a narrow range of 122 points for the entire last week with little or no action or profit making opportunities. I expect the market to move out of the range this week.

The daily chart suggests that it is having a corrective sideways movement with a thrust in a downward direction. As mentioned last week positional long and short position can only be taken above 10019 & below 9887 respectively.

For intraday, we will go long above 9961 with a stop loss to 9919 for the target range of 10008-10018. Go short below 9919 with a stop loss of 9952 for the target of 9887 and 9851.

We can maintain a positional long or short if it closes above 10019 or below 9887.
Do not trade for first 10 minutes of the day and take the trade looking at the price at that time.

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.

Nifty Futures analysis for 8-09-2017

 

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.

Nifty Futures analysis for 7-09-2017

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.

 

Author: Vinay Agrawal

VINAY AGRAWAL is SEBI registered Research Analyst. (Reg no INH000004501) with an excellent grip on technicals analysis, fundamentals and equity derivatives. Vinay Agrawal is a Technical Analyst. He has a vast experience of 26 years in the financial markets. He is the director of Blue chips corporate services Pvt Ltd, which is engaged in stock broking. Disclaimer: Investment are subject to market risk. No representations shall be entered that the predictions made by us herein will be profitable or otherwise. Readers using this information are solely responsible for their actions. The information is based on our personal assessment/judgement and we shall not be liable for any losses and damage.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s