Nifty Futures analysis for 23-01-2018

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nifty future 60min-220118
Nifty Future 60-min chart

 Nifty Future scales a fresh record high of 10982.4, very near to its target price of 11008.It has supports at 10956,10933 and 10890 and resistance at 11008 and 11111.

The day traders can buy it above 10956 with a stop loss of 10929 for the target of 11008, 11047 and 11111.

The positional traders, holding long position should move the stop loss to 10879 for the initial target of 11008 and 11111.

Bank Nifty Future

It has supports at 26967 and 26923 and resistance at 27040-27045 region.

The day traders can buy it above 27046 with a stop loss of 26919 for the target of 27184 and 27300.

The positional traders can follow the recommendation given yesterday.

For further trades or queries,
write back @ vinayagrawal1411@gmail.com

 

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