Nifty Futures analysis for 29-06-2018

nf daily 290618
Nifty Future Daily Chart

The Nifty future is in the Wave(c) of the Flat correction and will accelerate downside with a potential target of 10335. This correction on completion will see the next leg of a bullish rally to a new high.

The positional traders can sell it on bounce near 10653 with a stop loss of 10710 for the target of 10335.

The day traders can buy above 10620 with a stop loss of 10595 for the target of 10653. Sell only after it crosses 10618 and then goes below 10595 with a stop loss of 10620.

Email comments or questions to vinayagrawal1411@gmail.com

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.

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 are 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/judgement and we shall not be liable for any losses and damage.

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