Nifty Futures analysis for 03-05-2018

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Nifty Future Daily Chart

Nifty Future has the crucial support at 10731 and the critical support at 10697 for this settlement.A break of 10697 on closing basis can take it to 10605 which is the last support for the bulls to sustain this rally higher.The resistance is at 10785 and 10843 for this settlement.If 10843 is crossed the chances of it making a new high above 11185.6 increases significantly.

I am not giving any trade today.But based on the above you can trade looking at the supports and resistance levels.

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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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