Nifty Futures analysis for 05-10-2017

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nifty future 60 min-041017
Nifty Future 60 min chart

The upside corrective rally in Nifty Future still looks incomplete and I will still wait to initiate the positional trade in it. It has a major resistance at 10000 level.

The day traders can buy it above 9926 with a stop loss of 9889 for the target of 9983 & 10000 level and sell it below 9890 with a stop loss of 9925 for a target price of 9838 and 9801 level.

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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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