Nifty Futures analysis for 11-06-2018

Daily 110618
Nifty Future Daily Chart

The Nifty Future moved in a narrow range and made a low of 10691 and filled the gap which it created a day before. It retraced approximately 61.8% of the fall from 10967.9 to the low of 10408.55 and has the potential to go up to 10842.

The Day traders can buy it above 10741 with a stop loss of 10719 for the target of 10842 and sell it below 10718 with a stop loss of 10741 for the target of 10671 and 10638.

The positional traders can sell it below 10671 with a stop loss of 10731 for the target of 10539 and 10410.

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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.

Published by 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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