Nifty Futures analysis for 30-01-2018

nifty future 60-min 300118
Nifty Future 60-min chart

Nifty future which hit to a new high of 11185.6 has supports at 11132 and 11080.

The day traders can buy it above 11155 with a stop loss of 11129 for the target of 11215 and sell it below 11129 with a stop loss of 11155 for the target of 11080 and 11044.

The positional traders holding long position should square up if it closes to below 11080 for the target of 11400.


Bank Nifty Future

The day trader can buy it above 27640 with a stop loss of 27500 for the target of 27714 and 27897.

The positional trader can follow the recommendation made yesterday.

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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