Nifty Futures analysis for 12-12-2017

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nifty future daily chart-111217
Nifty Future Daily chart

Nifty future faces resistance at 10365-10375 region and has support at 10327.

The day traders can buy it above 10341with a stop loss at 10326 for the target of 10365 and 10375.Sell it below 10302 with a stop loss of 10328 for the target of 10264.

The Positional traders should go long only above 10376 and short only below 10260 for the target given yesterday.

For further trades or queries,
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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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