Nifty Futures analysis for 14-11-2017

nifty 60-min 131117
Nifty Future-60 min chart

Nifty future maintained its losing streak for the fifth consecutive day to close lower at 10269.4 and now has a multiple support at 10254, 10215 and 10187 region. The oscillators and the indicators in the 60-min chart are in the oversold region and also has a support of Keltner channel at 10252 levels.I expect it to move upside for today.

The positional traders can buy it near the support level of 10254 and add further above 10307 with a stop loss of 10186 for the target of 10354 and 10404.

The day traders can buy it near 10254 with a stop loss of 10214 for the target of 10304 and 10354 and sell it below 10214 with a stop loss of 10256 for the target of 10187 and 10151.

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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