Nifty Futures analysis for 19-06-2018

The Nifty Future’s inability to decline quickly and the 3-wave down move in a channel in an hourly chart indicates that the ‘B’ wave advance of the flat is not complete with one leg of advance still remaining which can carry it to 10913. Trade below 10735 will eliminate this possibility and would signal thatContinue reading “Nifty Futures analysis for 19-06-2018”

Nifty Futures analysis for 20-02-2018

Nifty Future breaks the wave3 low of 10300 and declines to a new low of 10290.1 and reversed sharply near its resistance level at 10381. The RSI, in 60-min charts, has formed a positive divergence and the Stochastic is also turned positive indicating a possibility of upside correction to continue further. The Day traders canContinue reading “Nifty Futures analysis for 20-02-2018”