Nifty Futures analysis for 04-01-2018

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nifty future60-min chart 030118.
Nifty Future 60-min chart

Nifty future continues to move in a range with 10544 and 10429.5 acting as the upper and lower boundary of its move. A break of this on either side will see the price accelerate in the direction of the break.

The day traders can buy it above 10500 with a stop loss of 10475 for the target of 10544-10556 range and sell it below 10475 with a stop loss of 10501 for the target of 10430 and 10397.

The positional traders can go long above 10568 with a stop loss of 10478 for the target of 10710.

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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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