Nifty Futures analysis for 27-11-2017

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nifty future 60 min-241117
Nifty future 60-min chart

Nifty future ended higher for seven consecutive sessions probably marking its longest gaining streak in past 24 months. It managed to gain just 255 points in the process.It has, for this week, the supports at 10389 and 10350 and the critical support at 10213.

The positional trader can maintain a long position above 10389 with a stop loss of 10349 for a target of 10687.

The day traders can buy above 10405 with a stop loss of 10385 for 10464 and 10500 and can sell below 10384 with a stop loss of 10410 for a target of 10350 and 10328.

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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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