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

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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 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.