Nifty Futures analysis for 18 -09-2017

 

NIFTY FUTURE 60 MIN CHART-150917.jpg
Nifty Futures 60 mins chart

 

The weekly and monthly charts of Nifty Future suggest that this upside rally may not be complete and is still looking for a higher top of 10155, 10175 or 10229.

For trading, today, Buy it above 10106 with a stop loss of 10064 for the target price of 10155 to 10175. One can also buy near 10060 support region with the stop loss of 10009 for the same targets.This trade is not valid if a new top above 10149.9 is made first.

Sell it only below 10018 with a stop loss of the day’s high made until that time for the target of 9978 and 9930 ( for the day) and below 9710 positional.

A break of 9978 will imply that the top is already in place and it may fall below 9710 in the coming weeks.

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.

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