Contact Nifty Futures analysis for 07-05-2018

nddaily070518
Nifty Future Daily Chart

Nifty Future declined and took support at 10640 on Friday. It retraced just above 61.8%  of its decline from 11185.6 to 9960 and reversed to close at 10658.7, below its important support of 10697. It has the supports at 10640,10605 and 10589 and resistance at 10697,10714 and 10731. With the cluster of supports and resistance very near to its close on Friday, it does not provide a good trading opportunity until broken on either side. The Stochastic Oscillator and the RSI on the daily chart indicate the possibility of a further decline.

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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 25-04-2018

nf daily 250418
Nifty Future Daily Chart

Nifty Future closed at 10617.9, has a perfect set-up to continue its upward rally with a multilayer support in its vicinity at 10612,10605.25,10601,10579 and 10551. This is the ideal platform for the bulls to push it higher to its resistance level of 10697 and 10717 level which is 61.8% retracement of its fall from 11185.6 to 9960. The inability to rise and take supports at its level provided will mean that these level will act as the resistance once it gets broken.The close below 10605.25 will indicate that this upside rally is complete and the correction will set in which will last for few days.

The day traders can buy it above 10617 with a stop loss of 10599 for the target of 10654 and 10697.They can sell it below 10550 with a stop loss of 10580 for the target of 10514 and 10477.

The positional trader should wait for a day for the trend to emerge for taking a new position.

Please do not trade for first 15 minutes of the session.

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 07-02-2018

NIFTY FUTURE-60 MIN CHART060218
Nifty Future-60 min chart

Nifty Future commenced its corrective pullback rally from the low of 10300 which it made yesterday has a potential target between 10620  to 10818 level which is 38.2% and 61.8% retracement of the fall from 11139.4 to 10300  and the supports at 10494, 10456.It has a crucial resistance at 10605.

The day traders can buy it above 10495 with a stop loss of 10449 for the target of 10605, 10698, 10785 and sell it below 10449 with a stop loss of 10501 for the target of 10181.

Sell position can also be initiated if it stays below 10605 for 15 to 20 minutes after crossing this level in corrective up move with the day’s high as a stop loss for the target of 10495.

The positional traders should wait for this correction to complete to initiate a fresh position.

For further trades or queries,
write back @ 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 31-01-2018

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Nifty Future 60-min chart

Nifty future closed at 11072.1 just below its support at 11080 which will now act as the resistance.It has a cluster of supports at 11043,10999,10972 and 10933 and resistance at 11080,11154.It appears that 4th wave correction has begun and has a target of 10776.

The day traders can sell it below 11080 with a stop loss of 11101 for the target of 11043 and 10999.Buy it above 11101 with a stop loss of 11079 for the target of 11155.

The positional traders should wait for some time for the clarity to emerge for initiating a fresh position.

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

Nifty Futures analysis for 22-01-2018

nifty future-60 min chart190118
Nifty Future 60-min Chart

Nifty Future continues to move higher to make a fresh high of 10918.15  before closing at 10901.05.It has crucial support at 10885, 10864.5 and 10791 and an upside target of 11008.A close above 11008 will open up higher targets for 11112 and 11309.

The day traders can buy it above 10885 with a stop loss of 10852 for the target of 10972 and 11008.I will avoid short trades as Risk to Reward ratio is not favorable for it at this juncture.

The positional traders should move the stop loss to10789 for the target of 11008 for the long position they are holding.

Bank Nifty Future

Bank Nifty has supports at 26827,26715 and 26688 and resistance at 27040. A close above 27040 will open up the significantly higher target of 28400 with some resistances at 27730 and 28150.

The day traders can buy it above 26827 with a stop loss of 26685 for the target of 27040 and 27315.

The positional traders can initiate long position above 26950 with the initial stop loss of 26685 and add more if it closes above 27040 for the target of 27730 and 28150.

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

Nifty Futures analysis for 17-01-2018

nifty future 60-min chart160118
Nifty Future 60-min Chart

Nifty future closed the gap which it formed a day before and managed to stay above its supports at 10697 and 10672 to close at 10709.55.The decline which it had yesterday appears to be corrective in the 60-min chart.The trend is still up and I will look for the buying opportunities till it closes above 10600.

The Nifty future is struck between too many support, as mentioned above and resistances at 10714,10725,10749 and the previous high of 10774 there is no good trading opportunity for today.However, if the day trader wishes to trade, buy it above 10749 with a stop loss of 10711 for the target of 10808.

The positional trader should maintain long position with the stop loss of a close below 10600 for the target of 11008.

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 10-01-2018

nifty future 60-min chart090118
Nifty Future 60-min chart

Nifty future continues to move higher with a narrow range movement for its potential target of 10710 and has supports at 10634 and 10613.The 10500 and 10600 strike price put option has seen the highest change in open interest with the addition of 8850 contracts and 14228 contracts respectively.The 10300,10400 and 10500 strike price put option has a significantly higher open interest compared to the call options of the same strike price suggest that option writers are not expecting Nifty Future to fall below 10500 levels.

The day traders can buy it above 10643 with a stop loss of 10629 for the target of 10699 and 10710 and sell it below 10603 with a stop loss of 10636 for the target of 10553.

The positional traders can move the stop loss of the long position to 10594 for the target of 10710.

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.