Nifty Futures analysis for 4-09-2017

 

 

nifty fut 60 min -040917
Nifty Futures 60 min chart

 

The rise in Nifty future still appears to be corrective even though the triangle pattern which I was anticipating did not happen. Buying in nifty future should only be considered above 10019 with a stop loss of 9970 for a target price of 10098-10117 region.

Aggressive traders can sell it below 9994 with a stop loss of 10019 for a target price of 9931.

The normal trade is to sell it below 9970 with a stop loss of 10001 for a target of 9931.

No short position should be maintained above 10018.25.

 

For detailed charts (without indicators) click here

For detailed charts (with indicators) click here

For further trades or queries,
write back @ vinayagrawal1411@gmail.com

The author(s), or a member of their household, of this report, does not hold a financial interest in the securities of this company. The author(s) has followed “blackout periods” that prohibit analysts from trading securities of the companies they follow for 30 days before and 5 days after they issue a research report about the company, and prohibits analysts from trading against their most recent recommendations—subject to exceptions for unanticipated significant changes in the personal financial circumstances of the beneficial owner of a research analyst account. The author(s), or a member of their household, does not serve as an officer, director or advisory board member of the subject company. The author(s) does not act as a market maker/promoter/beneficiary in the subject company’s securities. The information set forth herein has been obtained or derived from sources generally available to the public and believed by the author(s) to be reliable, but the author(s) does not make any representation or warranty, express or implied, as to its accuracy or completeness.

Nifty Futures analysis for 1-09-2017

nifty fut 010917 E
Nifty Futures 60 min chart

There is no change in outlook for today. We expect the level of 9940 should act as the resistance. We will not trade for first 15 minutes of the day. Then if nifty future trades above 9940 an intraday long position can be taken for a target of 10000.00-10008.00 with a stop loss of 9910.

One can go short below 9910 with a stop loss of 9933 for the target of 9856 & 9822 levels.

for detailed chart click here

For further trades or queries,
write back @ vinayagrawal1411@gmail.com

The author(s), or a member of their household, of this report does not hold a financial interest in the securities of this company. The author(s) has followed “blackout periods” that prohibit analysts from trading securities of the companies they follow for 30 days before and 5 days after they issue a research report about the company, and prohibits analysts from trading against their most recent recommendations—subject to exceptions for unanticipated significant changes in the personal financial circumstances of the beneficial owner of a research analyst account. The author(s), or a member of their household, does not serve as an officer, director or advisory board member of the subject company. The author(s) does not act as a market maker/promoter/beneficiary in the subject company’s securities. The information set forth herein has been obtained or derived from sources generally available to the public and believed by the author(s) to be reliable, but the author(s) does not make any representation or warranty, express or implied, as to its accuracy or completeness.

Nifty Futures analysis for 31-08-2017

nifty fut 60 min-310817 E
Nifty Futures 60 min chart

As shown in the chart, the wave (e) segment of the triangle may be complete or may extend up to 9940 levels.Only the break of (b)-(d) line will confirm the completion of wave (e) and the subsequent downside move up to 9623-9630 levels to follow.

For today we will maintain a short position below 9882 with 9920 as a stop loss and the supports at 9856 and 9822 levels. The upside resistance is at 9940. The break of this level may take it up to 10000 levels.

The positional short position should only be taken after the break of (b)-(d) line which is around 9790 levels.

For detailed chart click here

For further trades or queries,
write back @ vinayagrawal1411@gmail.com

The author(s), or a member of their household, of this report does not hold a financial interest in the securities of this company. The author(s) has followed “blackout periods” that prohibit analysts from trading securities of the companies they follow for 30 days before and 5 days after they issue a research report about the company, and prohibits analysts from trading against their most recent recommendations—subject to exceptions for unanticipated significant changes in the personal financial circumstances of the beneficial owner of a research analyst account. The author(s), or a member of their household, does not serve as an officer, director or advisory board member of the subject company. The author(s) does not act as a market maker/promoter/beneficiary in the subject company’s securities. The information set forth herein has been obtained or derived from sources generally available to the public and believed by the author(s) to be reliable, but the author(s) does not make any representation or warranty, express or implied, as to its accuracy or completeness.

Nifty Futures analysis for 30-08-2017

nifty future 60min-300817 E
Nifty Futures 60 min chart

The oversold status of the Stochastic oscillator and the support near the Keltner channel suggest that the wave (d) leg of the triangle is complete and wave (e) should carry it up to 9860-9880 Region which is 50% and 61.8% retracement as shown in the chart.

Selling should do only after the breaking of the (b-d) line as shown in the chart. The stop loss for this will be the top of wave (e) which may be formed today.The downside target for this positional trade is around 9623-9630 levels. No buying should be considered below 9884, One can go long only above 9918 for the targets of 9940 and 10000.

For today we will not trade until wave (e) top is formed and the b-d line is broken.

For detailed chart click here

For further trades or queries,
write back @ vinayagrawal1411@gmail.com

The author(s), or a member of their household, of this report does not hold a financial interest in the securities of this company. The author(s) has followed “blackout periods” that prohibit analysts from trading securities of the companies they follow for 30 days before and 5 days after they issue a research report about the company, and prohibits analysts from trading against their most recent recommendations—subject to exceptions for unanticipated significant changes in the personal financial circumstances of the beneficial owner of a research analyst account. The author(s), or a member of their household, does not serve as an officer, director or advisory board member of the subject company. The author(s) does not act as a market maker/promoter/beneficiary in the subject company’s securities. The information set forth herein has been obtained or derived from sources generally available to the public and believed by the author(s) to be reliable, but the author(s) does not make any representation or warranty, express or implied, as to its accuracy or completeness.

 

Nifty Futures analysis for 29-08-2017

NIFTY FUT 60 MIN-290817 E.jpg
Chart of Nifty Futures (Intra-day 60 mins chart)

Nifty future (rolling) will move in a narrow range for next few days. A break of upside resistance at 9940 will be a short term (intraday) buying opportunity with a target price of 10000. The stop loss will be at 9908. Selling should only be considered below 9884 with a stop loss of 9917 and target price of 9856 and the most likely target of 9822-9825.

For detailed chart click here

For further trades or queries,
write back @ vinayagrawal1411@gmail.com

The author(s), or a member of their household, of this report does not hold a financial interest in the securities of this company. The author(s) has followed “blackout periods” that prohibit analysts from trading securities of the companies they follow for 30 days before and 5 days after they issue a research report about the company, and prohibits analysts from trading against their most recent recommendations—subject to exceptions for unanticipated significant changes in the personal financial circumstances of the beneficial owner of a research analyst account. The author(s), or a member of their household, does not serve as an officer, director or advisory board member of the subject company. The author(s) does not act as a market maker/promoter/beneficiary in the subject company’s securities. The information set forth herein has been obtained or derived from sources generally available to the public and believed by the author(s) to be reliable, but the author(s) does not make any representation or warranty, express or implied, as to its accuracy or completeness.

Nifty Futures analysis for 28-08-2017

The weekly chart of nifty future (rolling) indicates that a minor top is in place and the nifty futures should correct and the correction which has just begun 3 weeks back from the top of 10149.9 may last for next few weeks. The target of this Correction is around 9400-9450 region.

Now for trading point of view 9856 & 9822 are the supports for this week. Resistances are at 9940 & 10010 levels.

niftly fut weekly 240817 Edited

The 60 min intraday charts suggest that there is a resistance at 9904 & 9920 levels (downward sloping channel & keltner channel) for today. The support is at 9870 and 9856 level.

nifty fut 60 min-280817 edited.jpg

For detailed charts:

Nifty Futures weekly click here

Nifty Futures 60 mins click here

 

For further trades or queries,
write back @ vinayagrawal1411@gmail.com

The author(s), or a member of their household, of this report does not hold a financial interest in the securities of this company. The author(s) has followed “blackout periods” that prohibit analysts from trading securities of the companies they follow for 30 days before and 5 days after they issue a research report about the company, and prohibits analysts from trading against their most recent recommendations—subject to exceptions for unanticipated significant changes in the personal financial circumstances of the beneficial owner of a research analyst account. The author(s), or a member of their household, does not serve as an officer, director or advisory board member of the subject company. The author(s) does not act as a market maker/promoter/beneficiary in the subject company’s securities. The information set forth herein has been obtained or derived from sources generally available to the public and believed by the author(s) to be reliable, but the author(s) does not make any representation or warranty, express or implied, as to its accuracy or completeness.

 

Nifty future analysis for 24th August 2017

  • Nifty future has a support at 9853, 9847 & 9835 levels. Selling Nifty Futures should only be considered below 9830 with a stop loss of 9861 for a target of 9752-9720.
  • Buying for this week was only above 9884. Since the trend appears to be corrective up, I will not like to take a long position. However, if one wants to go long, place a stop loss at 9834 for a target of 9920-9943.

For Detailed Nifty Fuures chart click here

For further trades or queries,
write back @ vinayagrawal1411@gmail.com

The author(s), or a member of their household, of this report does not hold a financial interest in the securities of this company. The author(s) has followed “blackout periods” that prohibit analysts from trading securities of the companies they follow for 30 days before and 5 days after they issue a research report about the company, and prohibits analysts from trading against their most recent recommendations—subject to exceptions for unanticipated significant changes in the personal financial circumstances of the beneficial owner of a research analyst account. The author(s), or a member of their household, does not serve as an officer, director or advisory board member of the subject company. The author(s) does not act as a market maker/promoter/beneficiary in the subject company’s securities. The information set forth herein has been obtained or derived from sources generally available to the public and believed by the author(s) to be reliable, but the author(s) does not make any representation or warranty, express or implied, as to its accuracy or completeness.