Nifty Futures analysis for 01-08-2019

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nf 010819
Nifty Future 15-min Chart

Nifty Future corrective rally from the intraday low of 11031.5 to the high of 11165 appears to be complete. Now expect a sharp decline to form a new low of 10980 and 10948.

The positional trader should who may have created a short position near 11139 can lower the stop loss to 11175 for the target of 10839.

The Day traders can sell it below 11098 with a stop loss of 11126 for the target of 10980.

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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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