MTECHTIPS NIFTY FUT intraday trading analysis 10-06-2016

MTECHTIPS NIFTY FUT intraday trading analysis 10-06-2016

MTECHTIPS Nifty future closed at 8226 with heavy loss. Nifty future sees strong profit booking on strong dollar index. For tomorrow, nifty future below 8260 remain bearish. On downside 8210 and 8150 while on upside 8260 and 8285 are strong resistances. Expect intraday reversal above 8260 for targets 8285 and 8310. Nifty positional view is buy on dips for target 8380 with stop loss below 8100. Which is strong support on downside. Future traders watch 8260 for intraday, above it go long for targets 8285 and 8310. Option traders above 8260 keep long vie win nifty 8300 call options for big intraday gain.

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