Nifty Futures analysis for 11-10-2017

nifty future-60 min 101017
Nifty future 60 min chart

Nifty future continues to rise with a low volume and with the slope rising to nearly 45 degrees imply that the rally from the low of 9695 may be corrective.  The reading on the oscillators namely RSI and Stochastic suggest that this rally may end soon and it may begin the next leg of decline. I will not open any positional short position in it yet and wait for the price action to show the commitment before I commit to the market.

The day traders can buy it above 10034 with a stop loss of 10012 for a target of 10082 and sell it below 10012 with a stop loss of 10034 for a target price of 9979 & 9929.

Positional short position can be taken below 9978 with a stop loss of 10047 for the target of 9550-9525 zone.

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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 06-10-2017

nifty future 60 min-051017
Nifty Future 60 min chart

Nifty future continues to rise in a corrective pattern with no signs of reversing. The high P/E ratio 25.69, the low India VIX of 11.71, the regular selling by FII`S and the contracting price range of it and many another indicator such surge in IPO`S with extreme valuations does indicate that this rally may end soon. I am not recommending any positional position in it yet and would like to look for the confirmative price action to support my view.

The day traders can buy it above 9932 with a stop loss of 9909 for a target of 9983 and sell it below 9909 with a stop loss of 9936 for a target of 9843.

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 05-10-2017

nifty future 60 min-041017
Nifty Future 60 min chart

The upside corrective rally in Nifty Future still looks incomplete and I will still wait to initiate the positional trade in it. It has a major resistance at 10000 level.

The day traders can buy it above 9926 with a stop loss of 9889 for the target of 9983 & 10000 level and sell it below 9890 with a stop loss of 9925 for a target price of 9838 and 9801 level.

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 04-10-2017

nifty future 60 min-031017
Nifty Future 60-min chart

The Nifty Future rise appears to be corrective and may take few more days to complete which should ideally take it up to 9942 to 10000 levels which are 50% and 61.8 % retracement levels of previous fall from the top of 10188.8 to 9695. I will wait for this correction to complete to initiate a positional trade in it.

The day traders can buy it above 9871 with a stop loss of 9837 for the target of 9939 to 9950 region and sell it below 9834 with a stop loss of 9871 for the target of 9788 & 9755.

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 3-10-2017

The Nifty Future failed to retain its intraday gains it made Friday, giving up most of it in the final hour of trading. The fourth wave as shown in the 60-min chart is either complete or make a new high up to 9916 before commencing a fifth wave decline up to the level of 9624 to 9611.

For day traders, Buy it above 9837 with a stop loss of 9805 for a target price of 9910-9915 region.Sell it below 9788 with a stop loss of 9835 for a target price of 9701. The positional traders can short it below 9788 with the stop loss of 9836 for a target price of 9638, 9624 levels. I do not recommend any long for positional traders.

nifty future 60 min -290917.jpg

The Bank Nifty

The Bank Nifty is now in ‘C’ wave of the correction of the rally from the low of 17617 made on December 26 – 2016, to the high of 25260 made on August 2 – 2017 with an expected target of 23419 and 22664. For day traders, buy it above 24152 with a stop loss of 24033 for a target of 24316 and sell it below 24015 with a stop loss of 24152 for a target of 23770.

The positional traders may sell it below 24010 with a stop loss of 24270 for a target price of 23421. The upside resistance to it is at 24356 & 24532. The risk-reward ratio does not permit a positional long at this stage.

BANKNIFTY-DAILY 290917.jpg

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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 29-09-2017

Nifty Futures managed to break its losing streak for past seven trading session which saw a drop in volatility index from 13.88 to 13.17 in a day indicating the investor’s confidence and optimism in the strength of the market.

 

nifty future 60 min 290917
Nifty Futures 60 min chart

 

As stated yesterday, Nifty Futures should now give a corrective bounce up to 9950-10000 levels. The details are already there in yesterdays write-up.

The day traders can buy it above 9813 with a protective stop loss of 9769 for a target of 9880. I am not recommending a short side trade since I am looking for a corrective move on up-side.

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 15 -09-2017

NIFTY FUTURE DAILY CHART
NIFTY FUTURE DAILY CHART

The daily chart of Nifty future suggests that it is in the wave (B) of the corrective pattern. This wave can ideally retrace from a minimum of 81%  and up to 138.2 % of wave (A), in case of Flat correction which is the likely possibility ( zig zag correction ruled out since it retraced more than 61.8 %).On completion of this wave, we expect a sharp correction, wave (C) which may take it below 9710.

Buying of it should only be considered above 10150 with a stop loss of 10009 for the target of 10229 and 10315. Selling should be considered below 10077 with a stop loss of 10117 for the target of 10021 and 9985.

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 12-09-2017

 

Nifty future -60 min 110917
Nifty Futures 60 min chart

 

Nifty broke the upside resistance of 10019 yesterday and generated a positional buy signal. Now it has resistances at 10070 & 10124 and support at 9982.

For today maintain a long position above 10023 with a Stop loss of 9980 for the target price of 10070 and 10017-10124 region.

The short position should only be initiated below 9980 with a stop loss of 10024 for the target price of 9920-9930 region.

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.

Morepan Lab

 

MOREPAN WEEKLY-080917.jpg
Morepan Lab weekly chart

 

MOREPAN LAB
Buy it for a time frame of 12 months above Rs 21.75 with a stop loss of 14.65 for the initial target of Rs 51.5.

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 11-09-2017

NIFTY FUTURE 60 MIN-110917.jpg
Nifty Future chart for 60 mins

Nifty future continued to move in a narrow range of 122 points for the entire last week with little or no action or profit making opportunities. I expect the market to move out of the range this week.

The daily chart suggests that it is having a corrective sideways movement with a thrust in a downward direction. As mentioned last week positional long and short position can only be taken above 10019 & below 9887 respectively.

For intraday, we will go long above 9961 with a stop loss to 9919 for the target range of 10008-10018. Go short below 9919 with a stop loss of 9952 for the target of 9887 and 9851.

We can maintain a positional long or short if it closes above 10019 or below 9887.
Do not trade for first 10 minutes of the day and take the trade looking at the price at that time.

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 8-09-2017

 

8-09-2017
Nifty futures chart for 60 mins

 

Nifty future has reversed twice from 9982 during this week. So buying of it should only be considered above 9982 which is a resistance, with a stop loss of 9956 for a target price region of 10008-10018.

Sell it below  9927 with a stop loss of 9965 for the target price of 9887.

Remember positional long trades can only be taken above 10019 and short positions below 9887 level.

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 7-09-2017

Nifty future -60 min 070917.jpg

Nifty future continues to remain sideways within a very narrow range. I expect a directional movement only after the break of the upper resistance of 10019 or the lower support of 9887. Positional position, in the direction of the breakout, can only be taken after the break of this range.

For today, buy it above 9936 with a stop loss of 9908 for the target price of 9976,10008.

Sell it below 9908 with a stop loss of 9936 for a target price of 9870.

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.