Nifty Futures analysis for 28-02-2018

niftyfuture60min chart-280218
Nifty Future 60-Min Chart

Nifty Future has crucial supports at 10486, 10451 and resistance at 10573 and 10590.

The day traders can buy it near 10486 with a stop loss of 10449 for the target of 10571 and 10590. They can also buy it above 10591 with a stop loss of 10570 for the target of 10630.Sell it below 10449 with a stop loss of 10486 for the target of 10412 and 10336.

The positional traders can buy it near 10486 with a stop loss of 10439 for the target of 10680-10700 region.

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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