Nifty Futures analysis for 21-02-2018

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nifty future 60-min chart 210218
Nifty Future 60-Min Chart

Nifty Future moved in a narrow range and closed lower for the three consecutive days indicating the weakness and may reach its target of 10171 in next few days.

The day traders can sell it below 10355 with a stop loss of 10391 for the target of 10281 and 10215.

The positional traders should maintain the short position created two days back for the target of 10175. The stop loss should be lowered to the break-even level.

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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