Nifty Futures analysis for 20-06-2018

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NF DAILY 200618
Nifty Future Daily Chart

The Nifty Future has an unfilled opening gap and has reached the lower boundary of Wave-B channel where it found some support. The break of the lower boundary will accelerate the decline further with the next support near 10552.

The Day traders can sell it below 10704 with a stop loss of 10736 for the target of 10640 and 10590.

The positional traders holding short position can move the stop loss to 10801 for the target 10335.

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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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