Nifty Futures analysis for 04-05-2018

Posted by
nfdaily040518
Nifty Future Daily Chart

Nifty Future has multiple supports between 10695 and 10705 and has resistance at 10731 and 10785.The support of 10695, if broken, can take it to 10640 and 10605.5.If 10731 is crossed then it may go up to 10785 and 10840 levels.The status of the Stochastic oscillator and the RSI indicates that it is poised for the decline and may correct the advance from the low of 9960 to the high of 10787.95 before resuming its uptrend.

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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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