Nifty Futures analysis for 05-12-2017

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nifty future daily -041217
Nifty Future Daily Chart

Nifty Future rebounded from its support of 10125 to close at 10159.25.

The day traders can sell it below 10125 with a stop loss of 10166 for the target of 10015 and buy it above 10179 with a stop loss of 10159 for the target of 10231 and 10263.

The positional traders can move the stop loss for the short position to 10221.The targets remain unchanged as given yesterday.

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.

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