Nifty Futures analysis for 20-04-2018

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nf2004 daily
Nifty Future Daily Chart

Nifty future moved in a narrow range yesterday and did not trigger the anticipated sell signal either. However, the pattern is still in force and trading below 10538 will act as the trigger.Any trade above 10596.55 will negate the pattern.The oscillators and indicator on the daily chart and the strong resistance in 10605- 10620 regions indicate that it is near the top of this cycle.

The day traders can sell it below 10538 with a stop loss of 10577 for the target of a 10482,10473 and 10435.

The Positional traders can sell it below 10538 with a stop loss of 10599 for the target of 10435.

Email comments or questions to 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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