MTECHTIPS NIFTY FUT intraday trading analysis 19-05-2016

MTECHTIPS Nifty future today closed at 7882 with loss. As expected nifty given almost 150 points profit in short call while nifty 7800 put option rallied almost 200% from lows!! For tomorrow, nifty future outlook remain bearish and strategy remain sell on rise. On upside 7950-7980 are resistances as well as short entry zone for future traders while on downside 7850 and 7825 as support as well as tgt zones.Index is stuck in range which eventually might give breakout on lower side. Watch 7820 on weekly closing basis.For tomorrow, use nifty 8000 put options as buy and accumulate on decline.

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