Retail Research

30th Aug, 2017

Nifty Future Trading Strategy

Nifty Future Daily Chart:

The Day gone by:

Nifty future closed at 9799 up by 0.44 percent from the previous day close 9917.05

During the day nifty future open at high of 9879, made a low of 9782.70 and closed the day at 9799. The volumes
were higher than the previous day strength in the down move. The Nifty future gave a range of 96.30 points for the
day.

The Day ahead:

The nifty future may find support around 9724 and 9761 on the down side based on the price range of the previous
session.

The nifty future may find resistance around 9858 and 9917 on the upside based on the price range of the previous
session.

9820 is the trigger point for intraday buy/sell based on the price range of the previous session.

Broader trading range for coming session: 9665 – 9954.

Nifty Future Trading Strategy:

Nifty future has closed below 9820. If the price goes below 9820 the trader may take sell position just below 9820
and keep the stop loss of 9820 and the first target would be 9761.
If 9761 is crossed then 9724 becomes the next target with stop loss of at 9761.
Similarly if the price goes above 9820 the trader may take buy position just above 9820 and keep the stop loss of
9820 and the first target would be 9858.
If 9858 is crossed then 9917 becomes the next target with stop loss of at 9858.
The above mentioned levels are for intraday purpose only. Square off your trades at the end of the day.
 Nifty Future Daily Technical Outlook

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 Nifty Future Daily Technical Outlook

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