Nifty Futures analysis for 15-06-2018

nf daily 1506
Nifty Future Daily Chart

The Nifty Future may have started its ‘C’ wave decline of the flat correction, as shown in the chart, with the probable target of 10335 and 10230. This analysis holds true as long as the top of  10873.5  made by wave ‘B’ is held. The end of this wave will probably provide the best entry point for the bulls and has the potential to cross its all-time high of 11185.6. The target will be calculated once this wave is complete.

The day traders can sell it below 10800 with a stop loss of 10835 for the target of 10732.

The positional traders can create a short position below 10815 with an initial stop loss of 10876 for the target of 10335.

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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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