Contact Nifty Futures analysis for 07-05-2018

nddaily070518
Nifty Future Daily Chart

Nifty Future declined and took support at 10640 on Friday. It retraced just above 61.8%  of its decline from 11185.6 to 9960 and reversed to close at 10658.7, below its important support of 10697. It has the supports at 10640,10605 and 10589 and resistance at 10697,10714 and 10731. With the cluster of supports and resistance very near to its close on Friday, it does not provide a good trading opportunity until broken on either side. The Stochastic Oscillator and the RSI on the daily chart indicate the possibility of a further decline.

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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 04-05-2018

nfdaily040518
Nifty Future Daily Chart

Nifty Future has multiple supports between 10695 and 10705 and has resistance at 10731 and 10785.The support of 10695, if broken, can take it to 10640 and 10605.5.If 10731 is crossed then it may go up to 10785 and 10840 levels.The status of the Stochastic oscillator and the RSI indicates that it is poised for the decline and may correct the advance from the low of 9960 to the high of 10787.95 before resuming its uptrend.

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 03-05-2018

nf030518
Nifty Future Daily Chart

Nifty Future has the crucial support at 10731 and the critical support at 10697 for this settlement.A break of 10697 on closing basis can take it to 10605 which is the last support for the bulls to sustain this rally higher.The resistance is at 10785 and 10843 for this settlement.If 10843 is crossed the chances of it making a new high above 11185.6 increases significantly.

I am not giving any trade today.But based on the above you can trade looking at the supports and resistance levels.

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 02-05-2018

nf020518
Nifty Future Daily Chart

Nifty future continues to accelerate higher and meets resistance at 10784.It now has the resistance at 10842.5 and supports at 10757.75 and 10697. The Keltner Channel, on the daily chart, failed to act as a resistance and its slope is rising higher indicating that this uptrend may continue.

The day traders can buy it above 10788 with a stop loss of 10754 for the target of 10842.

The positional traders can buy it above 10773 with a stop loss of 10724 for the target of 10842 and 10890.

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 26-04-2018

nfdaily300418
Nifty Future Daily Chart

Nifty Future crossed its critical resistance of 10697 which will act as a support.It has the resistances at 10785 and 10843.Buy and sell will be the strategy until it closes below 10605 for positional trades.

The day traders can buy it above 10713 with a stop loss of 10684 for the target of 10784 and 10842.Sell it below 10684 with a stop loss of 10714 for the target of 10638 and 10606.

The positional traders can buy it above 10697 with a stop loss of 10634 for the initial target of 10785 and 10900.

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 26-04-2018

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Nifty Future Daily Chart

Nifty future breaks its layer of supports to decline to 10531.8 and closed at 10569.05. It now faces resistance at 10579.7, 10605 and has supports at 10561 and 10551.While the Stochastic oscillator and the RSI indicator indicates the weakness, the most important component, the price, refuses to decline and continues to remain in a range bound sideways direction. I will wait for the price action for the clue to decide the trend and trade.

The day traders can trade Nifty Future April series, buy it above 10613 with a stop loss of 10588 for the target of 10673 and sell it below 10551 with a stop loss of 10580 for the target of 10514 and 10476.

The positional traders should avoid taking a position today since it is the expiry date for current series. Let the trend emerge to initiate a fresh position in it.

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 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

nf2004 daily
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.