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.

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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.

Nifty Futures analysis for 22-06-2018

NF DAILY220618
Nifty Future Daily Chart

The Nifty Future has the support at 10704 and 10691. A break of this support will confirm the completion of wave (B) of Wave 2 and beginning of wave (C) decline with a target of 10335 regions. Expect the pace of decline to accelerate on a break of 10691  which is the typical characteristic of a (C) wave of the Flat correction. This decline should mark the end of the wave 2 correction.

The day trader can sell it below 10715 with a stop loss of 10766 for the target of 10626.

The positional traders can add more sell position below 10691 with a stop loss of 10806 for the target of 10335.

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.

Nifty Futures analysis for 21-06-2018

nf 60min 210618
Nifty Future 60-Min Chart

The Nifty Future rebounded strongly from the lower boundary of the channel of Wave (B) to fill the gap it formed a day before and closed at 10790.65, very near to its day high of 10796.9. The basic structure which I am analyzing as a flat correction is still intact.  In the 60-min Chart, the decline from the end of Wave (B) from 10873 to the low of 10704  is in three waves formation indicating that possibility of Wave (B) is still in progress and can rally to a new high of 10937.  It has the supports at 10780 and 10761.

The day trader can sell it below 10760 with a stop loss of 10786 for the target of 10704 and 10670 and buy it above 10828 with a stop loss of 10778 for the target of 10874 and 10937.

The positional traders holding short position should place the stop loss at 10830. They can again create short below 10750 or near 10937 for the target of 10335.

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.

 

Nifty Futures analysis for 20-06-2018

NF DAILY 200618
Nifty Future Daily Chart

The Nifty Future has an unfilled opening gap and has reached the lower boundary of Wave-B channel where it found some support. The break of the lower boundary will accelerate the decline further with the next support near 10552.

The Day traders can sell it below 10704 with a stop loss of 10736 for the target of 10640 and 10590.

The positional traders holding short position can move the stop loss to 10801 for the target 10335.

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.

Nifty Futures analysis for 18-06-2018

nf daily chart 180618
Nifty Future Daily Chart

               The Nifty Future, in the daily chart,  appears to be in Wave ‘B’  advance of the flat correction which is its final leg or complete. It has lost its momentum on the upside and is poised for a decline to 10335 which will be the wave ‘C’ of the flat correction. I expect the Wave ‘C’ decline of the flat correction to start very soon.

The Day traders can sell it below 10785 with a stop loss of 10811 for the target of 10726 and 10792.

The positional traders can maintain the short position with a stop loss of 10876 for the target of 10335.

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.

 

 

Nifty Futures analysis for 15-06-2018

nf daily 1506
Nifty Future Daily Chart

The Nifty Future may have started its ‘C’ wave decline of the flat correction, as shown in the chart, with the probable target of 10335 and 10230. This analysis holds true as long as the top of  10873.5  made by wave ‘B’ is held. The end of this wave will probably provide the best entry point for the bulls and has the potential to cross its all-time high of 11185.6. The target will be calculated once this wave is complete.

The day traders can sell it below 10800 with a stop loss of 10835 for the target of 10732.

The positional traders can create a short position below 10815 with an initial stop loss of 10876 for the target of 10335.

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.

Nifty Futures analysis for 14-06-2018

NF DAILY 140618 R
Nifty Future Daily Chart

The Nifty Future retraced just above 81.0% of its fall from the top of 10947.9 to the low of 10408.55 to reach a high of 10873.5 in 3-wave formation. It is now expected to move down with 10852 acting as a crucial trend deciding level for today.

The Day traders can sell it below 10849 with a stop loss of 10873 for the target of 10776 and 10741 and buy it above 10873 with a stop loss of 10849 for the target of 10894 and 10948.

The positional traders holding a long position should move the stop loss to 10810.

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.