Nifty Futures analysis for 29-09-2017

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Nifty Futures managed to break its losing streak for past seven trading session which saw a drop in volatility index from 13.88 to 13.17 in a day indicating the investor’s confidence and optimism in the strength of the market.


nifty future 60 min 290917
Nifty Futures 60 min chart


As stated yesterday, Nifty Futures should now give a corrective bounce up to 9950-10000 levels. The details are already there in yesterdays write-up.

The day traders can buy it above 9813 with a protective stop loss of 9769 for a target of 9880. I am not recommending a short side trade since I am looking for a corrective move on up-side.

For further trades or queries,
write back @

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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