Nifty Futures analysis for 01-02-2018

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nifty future 60-min 310118
Nifty Future 60-min Chart

Nifty future closed at 11055.4, near its support at 11043. It has supports at 10999,10972,10956 and 10933 and resistance at 11080 and 11041.

The day trader should buy it above 11098 with a stop loss of 11074 for the target of 11138, 11185 and 11253.Sell-side trades should be avoided till it breaks 10933 as there are many supports in its vicinity of 100 points yesterday’s close.

The positional trader should avoid creating a new position for today.

Reliance Industries Ltd Feb future

The day traders can buy it above 968 with a stop loss of 945 for the target of 1004.

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

Disclaimer:
Vinay Agrawal will not accept any liability for loss or damage as a result of reliance on the information contained within this tool including data, quotes, charts and buy/sell recommendation. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Future and options trading on margin involves high risk and is not suitable for all investors. Before deciding to trade in Equities, Commodities, Currency, Derivatives or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

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