Nifty Futures analysis for 21-06-2018

nf 60min 210618
Nifty Future 60-Min Chart

The Nifty Future rebounded strongly from the lower boundary of the channel of Wave (B) to fill the gap it formed a day before and closed at 10790.65, very near to its day high of 10796.9. The basic structure which I am analyzing as a flat correction is still intact.  In the 60-min Chart, the decline from the end of Wave (B) from 10873 to the low of 10704  is in three waves formation indicating that possibility of Wave (B) is still in progress and can rally to a new high of 10937.  It has the supports at 10780 and 10761.

The day trader can sell it below 10760 with a stop loss of 10786 for the target of 10704 and 10670 and buy it above 10828 with a stop loss of 10778 for the target of 10874 and 10937.

The positional traders holding short position should place the stop loss at 10830. They can again create short below 10750 or near 10937 for the target of 10335.

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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 20-06-2018

NF DAILY 200618
Nifty Future Daily Chart

The Nifty Future has an unfilled opening gap and has reached the lower boundary of Wave-B channel where it found some support. The break of the lower boundary will accelerate the decline further with the next support near 10552.

The Day traders can sell it below 10704 with a stop loss of 10736 for the target of 10640 and 10590.

The positional traders holding short position can move the stop loss to 10801 for the target 10335.

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 19-06-2018

NF 60-MIN CHART1906
Nifty Future 60-MIN Chart

The Nifty Future’s inability to decline quickly and the 3-wave down move in a channel in an hourly chart indicates that the ‘B’ wave advance of the flat is not complete with one leg of advance still remaining which can carry it to 10913. Trade below 10735 will eliminate this possibility and would signal that wave C decline has started.

The day traders can buy it above 10838 with a stop loss of 10789 for the target of 10913 and sell it below 10781 with a stop loss of 10816 for the target of 10735.5 and 10700.

The positional traders holding a short position for a target of 10335 can move the stop loss from 10875 to 10839. We will re-enter again if stop loss is hit, below 10790 or near 10913.

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 18-06-2018

nf daily chart 180618
Nifty Future Daily Chart

               The Nifty Future, in the daily chart,  appears to be in Wave ‘B’  advance of the flat correction which is its final leg or complete. It has lost its momentum on the upside and is poised for a decline to 10335 which will be the wave ‘C’ of the flat correction. I expect the Wave ‘C’ decline of the flat correction to start very soon.

The Day traders can sell it below 10785 with a stop loss of 10811 for the target of 10726 and 10792.

The positional traders can maintain the short position with a stop loss of 10876 for the target of 10335.

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 15-06-2018

nf daily 1506
Nifty Future Daily Chart

The Nifty Future may have started its ‘C’ wave decline of the flat correction, as shown in the chart, with the probable target of 10335 and 10230. This analysis holds true as long as the top of  10873.5  made by wave ‘B’ is held. The end of this wave will probably provide the best entry point for the bulls and has the potential to cross its all-time high of 11185.6. The target will be calculated once this wave is complete.

The day traders can sell it below 10800 with a stop loss of 10835 for the target of 10732.

The positional traders can create a short position below 10815 with an initial stop loss of 10876 for the target of 10335.

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 14-06-2018

NF DAILY 140618 R
Nifty Future Daily Chart

The Nifty Future retraced just above 81.0% of its fall from the top of 10947.9 to the low of 10408.55 to reach a high of 10873.5 in 3-wave formation. It is now expected to move down with 10852 acting as a crucial trend deciding level for today.

The Day traders can sell it below 10849 with a stop loss of 10873 for the target of 10776 and 10741 and buy it above 10873 with a stop loss of 10849 for the target of 10894 and 10948.

The positional traders holding a long position should move the stop loss to 10810.

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 13-06-2018

nf130618-60min
Nifty Future 60-Min Chart

The Nifty Future made a high of 10849.9 before closing at 10839.05. The Put Call ratio is at 1.3, indicating that the Put option writers are more aggressive in writing put options and therefore they expect the rally on the upside to continue further. The Nifty Future has supports at 10831 and 10815 and resistance at 10861-10864 region.

The day traders can buy it above 10831 with a stop loss of 10809 for the target of 10861 and 10892 and sell it below 10811 with a stop loss of 10832 for the target of 10782 and 10751.

The positional traders holding long position can shift the stop loss from 10760 to 10778.

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 12-06-2018

nf120618
Nifty Future 60-min Chart

The Nifty Future opened with a gap up and reached a high of 10835 before shredding some gains, to close at 10785.8. It has a crucial resistance at 10803 and once crossed can take it up to 10840 and 10860 levels. It has the supports at 10760,10740 and 10725. The Put Call ratio of 1.24 suggests the mildly bullish trend.

The Day traders can buy it above 10803 with a stop loss of 10785 for the target of 10840 and 10860 and sell it below 10785 with a stop loss of 10803 for the target of 10741 and 10725 and 10691.

The positional trader can buy it above 10803 with a stop loss of 10759  for the target of 10948. I am not recommending any sell-side trade as the risk-reward ratio does not favor it.

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 11-06-2018

Daily 110618
Nifty Future Daily Chart

The Nifty Future moved in a narrow range and made a low of 10691 and filled the gap which it created a day before. It retraced approximately 61.8% of the fall from 10967.9 to the low of 10408.55 and has the potential to go up to 10842.

The Day traders can buy it above 10741 with a stop loss of 10719 for the target of 10842 and sell it below 10718 with a stop loss of 10741 for the target of 10671 and 10638.

The positional traders can sell it below 10671 with a stop loss of 10731 for the target of 10539 and 10410.

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 09-05-2018

nf090518
Nifty Future Daily Chart

Nifty Future continues to trade just above its resistance of 10731 but does not have any momentum to rally upward decisively. At the same time, it is not breaking its supports at 10697,10640. It is not providing any trading opportunity yet. Wait for the clear trend to emerge before we take any trade in it.

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.