Nifty Futures analysis for 06-08-2019

NF0608-120MIN
NIFTY FUTURE-120MIN CHART

Nifty Future is expected to decline further toward its projected support at 10767. It has the upside resistances at 10943 and 10966.

The day trader can sell it below 10865 with a stop loss of 10891 for the target price of 10795 and 10764.

The level of 10764 will act as major support for this decline. Expect a pullback rally from this region to the level of 10860 and 10885 levels.

The break of support of 10764 for some time will take it 10722 and 10631.

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.

Published by 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 is 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/judgment and we shall not be liable for any losses and damage.

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