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.

 

 

 

Nifty Futures analysis for 28-02-2018

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Nifty Future 60-Min Chart

Nifty Future has crucial supports at 10486, 10451 and resistance at 10573 and 10590.

The day traders can buy it near 10486 with a stop loss of 10449 for the target of 10571 and 10590. They can also buy it above 10591 with a stop loss of 10570 for the target of 10630.Sell it below 10449 with a stop loss of 10486 for the target of 10412 and 10336.

The positional traders can buy it near 10486 with a stop loss of 10439 for the target of 10680-10700 region.

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 Future interim update 27-02-2018

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Nifty Future -60min chart

Nifty Future, in 60-MIN Chart, appears to be in a wave-4 correction and can correct between 10521 and 10485. Look for the buying opportunity at the end of wave-4 for the wave-5 advance for the target of 10680-10700 region.A trade below 10425.85 will negate this count.

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 27-02-2018

nifty future daily chart 270218
Nifty Future Daily Chart

Nifty Future moved on the expected lines and has resistance at 10632 and 10735 which is approximately 38.2% and 50% retracement of the decline from 11185.6 to 10290.1.

The day traders should buy it above 10592 with a stop loss of 10569  for the target of 10660 and 10707.

The position traders can maintain a long position above 10592 with a stop loss of 10534 for the target 10735.

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 26-02-2018

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Nifty Future Daily Chart

‘ F&O Activity points to Nifty Sliding to 10,000 in March’ the headlines on the Smart Investing page in THE ECONOMIC TIMES in its newspaper dated 23 February 2018.

Nifty future did exactly the opposite and climbed 122.75 points to close at 10504.55 suggesting that the first leg of 5-wave decline may have ended and is poised for the 3-wave up move which may retrace up to 10840 which nearly 61.8% of the fall from the top of 10185.6 to 10290.1. The headlines stated at the start provided the clues of the near-term bottom in place.

‘ Sensex Rises 323 Pts on Strong Asian Cues, But Players Expect Trend to Stay Weak’ states The Economic Times in its page Markets: Beating Volatility in its newspaper dated 24th Febuary2018.

The above headline shows that the players are still in disbelief and does not expect the market to rise in near term on the various concern.I expect exactly the opposite sentiments in headlines when this correction tops out and resume its downward leg again.

Recommendation:

The day traders can buy near 10470 or above 10516 with a stop loss of 10448 for the target of 10579 and 10614.

The positional traders can buy it near 10470 with a stop loss of 10399 for the target of 10725.

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 23-02-2018

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Nifty Future 60-MIN Chart

Nifty future Feb series closed with a loss of 687 points, a loss of 6.21% and is the worst expiry since October 2008.This decline from the top of 11185.6 on 29th January appears to be in 5 waves. The fifth wave decline may have been completed at 10290.1 on 19th February or is in progress with the potential target of 10170. On completion of this 5-wave structure, I expect a big corrective 3-wave move which can retrace up to 61.8 % of the decline and induce the bullish sentiment among the traders and investor.

The day traders can buy it above 10420 with a stop loss of 10379 for the target of 10477 and 10529 and sell it below 10379 with the stop loss of 10396 for the target of 10330 & 10281.

The positional traders should follow my yesterday’s recommendation.

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 22-02-2018

nifty future 60-min chart 220218
Nifty Future 60-Min Chart

Nifty Future trading remained in a narrow range and is expected to move down to a new low of 10281 today. Due to the paucity of time, I am just giving the trade today.

The Day traders should sell it below 10381 with a stop loss of 10396 for the target of 10281 and 10213 and buy it above 10411 with a stop loss of 10380 for the target of 10478.

The positional traders may hold on the short position with the stop loss at break-even for the target of 10175.

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 21-02-2018

nifty future 60-min chart 210218
Nifty Future 60-Min Chart

Nifty Future moved in a narrow range and closed lower for the three consecutive days indicating the weakness and may reach its target of 10171 in next few days.

The day traders can sell it below 10355 with a stop loss of 10391 for the target of 10281 and 10215.

The positional traders should maintain the short position created two days back for the target of 10175. The stop loss should be lowered to the break-even level.

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.