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.

Nifty Futures analysis for 09-01-2018

nifty future 60-min chart 0801
Nifty Future 60-min chart

Nifty future opened gap up and moved in a very narrow range throughout the day to close at 10631.4.It faces the resistance at 10710 and has supports at 10600 and 10538.

The day traders can buy it above 10629 with a stop loss of 10599 for the target of 10710 and sell it below 10599 with a stop loss of 10630 for the target of 10552.

The position traders can continue to hold their long position and move the stop loss to 10534 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.

Nifty Futures analysis for 08-01-2018

nifty future dAILY060118
Nifty Future Daily chart

                Nifty future appears to be bullish with the supports for this week at 10551 and 10509 and the upside resistance at 10710. The IT sector underperformed and is traded at a P/E multiple of 18.35 as against the monthly average P/E multiple of 26.7 for Nifty Future is expected outperform.

The day traders can buy it above 10569 with a stop loss of 10539 for the target of 10618 and 10699.

The positional traders should maintain the long position and move the stop loss to 10500 on a closing basis for the initial 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.

 

Nifty Futures analysis for 10-11-2017

nifty 60-min 091117
Nifty future 60-min chart

Nifty Future has a crucial support at 10317 and the break below this it may find the next support at 10275 and 10253  levels. The resistance is at 10404 and 10421.

The day traders can buy it above 10362 with a stop loss of 10315 for the target of 10404 and 10420 and sell it below 10350 with a stop loss of 10362 for a target of 10317 and 10275.

The positional short traders may exit from the short position at 10255-10260 level.

No trades for first 5 minutes of the session should be taken.

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 30-10-2017

nifty 60-min 271017
Nifty Future 60-min chart

Nifty future is still in the uptrend and is refusing to break down in spite of the fact that most of the indicators and oscillators indicate the weakness in the rally.I have not given a short recommendation yet and will wait for the close below 10253 for initiating a positional short position.A close above 10377 will mean that the rally will continue up to 10681.

The day traders can buy above 10390 with a stop loss of 10356 for a target of 10434 and 10461 and sell it below 10345 with a stop loss of 10371 for a target of 10302 and 10275.

The positional long can be initiated if it closes above 10390 with the stop loss of 10344 for the target of 10681.

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 27-10-2017

nifty future 60 min-271017
Nifty Future 60-min chart

Nifty future now has the resistance at 10377. A close above 10377 may take it to next target will be 10681. The critical support for it is at 10253 & 10215 for this settlement. The positional short trades can only be taken after the close below 10218 for this settlement.

The day traders can buy it above 10352 with a stop loss of 10319 for a target of 10410,10454 and sell it below 10333 with a stop loss of 10372 for the target of 10270.

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.