Nifty Futures analysis for 04-10-2017

Posted by
nifty future 60 min-031017
Nifty Future 60-min chart

The Nifty Future rise appears to be corrective and may take few more days to complete which should ideally take it up to 9942 to 10000 levels which are 50% and 61.8 % retracement levels of previous fall from the top of 10188.8 to 9695. I will wait for this correction to complete to initiate a positional trade in it.

The day traders can buy it above 9871 with a stop loss of 9837 for the target of 9939 to 9950 region and sell it below 9834 with a stop loss of 9871 for the target of 9788 & 9755.

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.

 

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 )

Connecting to %s