Nifty Futures analysis for 02-08-2019

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NF 2AUG CHART
Nifty Future Daily Chart

Nifty Future may continue to slide further with the downside supports at 10897 and 10839.

The Day traders can sell it below 10999 with a stop loss of 11016 for the target of 10897 and 10839.

If it manages to cross 11012 then the upside resistance is at 11069 and 11098.

The Positional traders holding short can move the stop loss to 11071  for the target of 10839.

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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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