Nifty Futures analysis for 13-06-2018

Nifty Future 60-Min Chart

The Nifty Future made a high of 10849.9 before closing at 10839.05. The Put Call ratio is at 1.3, indicating that the Put option writers are more aggressive in writing put options and therefore they expect the rally on the upside to continue further. The Nifty Future has supports at 10831 and 10815 and resistance at 10861-10864 region.

The day traders can buy it above 10831 with a stop loss of 10809 for the target of 10861 and 10892 and sell it below 10811 with a stop loss of 10832 for the target of 10782 and 10751.

The positional traders holding long position can shift the stop loss from 10760 to 10778.

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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.

Author: 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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