Nifty Futures analysis for 25-01-2018

niftyfuture 60-min 250118
Nifty Future 60-min Chart

Nifty Future hit its projected target of 11111 to a fresh high of 11114.9 and reversed quickly. But the pace of decline and its retracement indicates that the upside journey for this wave is not yet complete and may rise to the next target of 10297 in next week.

The day traders can buy it above 11115 with a stop loss of 11074 for the target of 11179-11200 region and sell it below 11039 with a stop loss of 11082 for the target of 10999 and 10956.

The positional traders who are still holding long position can move the stop loss to 10995 for the target of 10297. The traders who have exited from a long position may act as a day trader for today.


Bank Nifty

The day traders can buy it above 27400 with a stop loss of 27299 for the target of 27735.

The positional traders can move the stop loss of the long position they are holding to 27138 on a closing basis for the target of 28150 and 28400.

Please do not trade for first 15 minutes in both Nifty Future as well as Bank Nifty future.

For further trades or queries,
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Author: Vinay Agrawal

VINAY AGRAWAL is SEBI registered Research Analyst. (Reg no INH000004501) with an excellent grip on technicals analysis, fundamentals and equity derivatives. Vinay Agrawal is a Technical Analyst. He has a vast experience of 26 years in the financial markets. He is the director of Blue chips corporate services Pvt Ltd, which is engaged in stock broking. Disclaimer: Investment is subject to market risk. No representations shall be entered that the predictions made by us herein will be profitable or otherwise. Readers using this information are solely responsible for their actions. The information is based on our personal assessment/judgment and we shall not be liable for any losses and damage.

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