Nifty Futures analysis for 22-02-2018

nifty future 60-min chart 220218
Nifty Future 60-Min Chart

Nifty Future trading remained in a narrow range and is expected to move down to a new low of 10281 today. Due to the paucity of time, I am just giving the trade today.

The Day traders should sell it below 10381 with a stop loss of 10396 for the target of 10281 and 10213 and buy it above 10411 with a stop loss of 10380 for the target of 10478.

The positional traders may hold on the short position with the stop loss at break-even for the target of 10175.

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.

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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