Nifty Futures analysis for 25-04-2018

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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 24-04-2018

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Nifty Future 60-min Chart

Nifty future managed to cross its key resistance level of 10606 to reach to a new high of 10623.1, for this settlement but closed at 10585.45, below its key resistance at 10606. The Bearish Engulfing Pattern formed on the 60-min chart that, on a break of 10571 it can decline further for next 3 to 5 bars and may find support at 10514.

The day traders can sell it below 10571 with a stop loss of 10590 for the target of 10523,10514 and buy it above 10624 with a stop loss of 10584 for the target of 10654 and 10696.

The positional traders can sell it below 10551 with a stop loss of 10591 for the target of 10498 and 10440.

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 23-04-2018

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Nifty Future Daily Chart

Nifty Future moved in a narrow sideways range in past two sessions. It also broke the key level of 10538 to trigger a sell signal of the ‘ Double close key reversal pattern’ and negated it in the same session by moving above 10596.55.Normally the failed sell signals are many times the good buy signals.However with a key resistance at 10605 and the Keltner Channel resistance at 10655 and the others oscillators and indicators in the overbought zone, it still appears that the correction may set in very soon.

The key supports for it for this week are at 10578, 10562, 10514 and resistance at 10606.

The day traders can sell it below 10562 with a stop loss of 10598 for the target of 10514, 10487.

The stop loss of the positional trade sell trade created in the last session is not yet triggered. Maintain the same stop loss of 10598. One can add more below 10514 with the stop loss of 10565 on a closing basis for the target of 10354. Once it starts trading below 10514, move the stop loss to an earlier position at 10565.

Please do not trade 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 20-04-2018

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Nifty Future Daily Chart

Nifty future moved in a narrow range yesterday and did not trigger the anticipated sell signal either. However, the pattern is still in force and trading below 10538 will act as the trigger.Any trade above 10596.55 will negate the pattern.The oscillators and indicator on the daily chart and the strong resistance in 10605- 10620 regions indicate that it is near the top of this cycle.

The day traders can sell it below 10538 with a stop loss of 10577 for the target of a 10482,10473 and 10435.

The Positional traders can sell it below 10538 with a stop loss of 10599 for the target of 10435.

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 19-04-2018

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Nifty Future Daily Chart

Nifty Future breaks its nine days, longest winning spree in 3 years and formed a Double Close Key  Reversal Outside Bar pattern.The importance of this pattern sometimes marks the reversal in price. The Stochastic Oscillator is in overbought zone and turning down.The RSI indicator is near 60-62 level indicating that the rise is corrective and may top out soon.

The day traders can sell it below 10538 with a stop loss of 10559 for the target of 10482-10473 region and buy it above 10559 with a stop loss of 10538 for the target of 10605 and 10620.

The positional long position got squared up yesterday. The positional traders can now sell it below 10538 with a stop loss of 10597 for the initial target of 10435.

Please do not trade in first 10 minutes from the open.

For further queries, you may send your emails to vinay.ngp@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 18-04-2018

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Nifty Future Daily Chart

‘Indian equity benchmarks closed higher for the ninth straight trading session, registering their longest winning streak in over three years.’ Reports Bloomberg Quint.

Nifty Future also closed higher for ninth straight trading sessions gaining almost 404 points on closing basis. It also retraced almost 50% of the fall from the peak of 11185.6 on 29th Jan2018 to the low of 9960 on 23rd March 2018.The Stochastics Oscillator and the RSI  on the daily chart inspire little confidence in continuation of this rally and are indicating that it is poised for the correction.

The Day traders can buy it above 10551 with a stop loss of 10534 for the target of 10605 and 10620 and sell it below 10534 with a stop loss of 10551 for the target of 10482-10472 region.

The positional traders holding a long position should exit it around 10605-10620 region and place the stop loss at 10528.

Do not create any long position if it opens close to its target price of 10605  or reaches near it in first few minutes of the trade.

For further queries, you may send your emails to vinay.ngp@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 01-03-2018

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Nifty Future 60-Min Chart

Nifty Future a crucial support at 10451 and the critical support at 10429.9. It has resistance at 10516.5.

The day traders can buy it above 10517 with a stop loss of 10479 for the target of 10571 and sell it below 10479 with a stop loss of 10517 for the target of 10436.5.

The positional traders should wait today to make a new position and those holding long position should strictly maintain stop loss at 10449.

Please do not trade for first 10 min of the day.

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.