Nifty Futures analysis for 04-05-2018

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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.

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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 03-05-2018

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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.

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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 02-05-2018

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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.