Nifty Futures analysis for 13-06-2018

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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.

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