Nifty Futures analysis for 01-03-2018

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niftyfuture60min chart-010318
Nifty Future 60-Min Chart

Nifty Future a crucial support at 10451 and the critical support at 10429.9. It has resistance at 10516.5.

The day traders can buy it above 10517 with a stop loss of 10479 for the target of 10571 and sell it below 10479 with a stop loss of 10517 for the target of 10436.5.

The positional traders should wait today to make a new position and those holding long position should strictly maintain stop loss at 10449.

Please do not trade for first 10 min of the day.

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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