Nifty Future has a crucial support at 10317 and the break below this it may find the next support at 10275 and 10253 levels. The resistance is at 10404 and 10421.
The day traders can buy it above 10362 with a stop loss of 10315 for the target of 10404 and 10420 and sell it below 10350 with a stop loss of 10362 for a target of 10317 and 10275.
The positional short traders may exit from the short position at 10255-10260 level.
No trades for first 5 minutes of the session should be taken.
For further trades or queries,
write back @ firstname.lastname@example.org
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.