MTECHTIPS NIFTY FUT intraday trading analysis 16-06-2016

MTECHTIPS NIFTY FUT intraday trading analysis 16-06-2016

MTECHTIPS Nifty future today closed at 8217 with strong gains. As expected nifty future has taken support above 8040 and heading towards 8380. For tomorrow, nifty future outlook is bullish and above 8160 keep buy on dips view. On upside targets are 8250 and 8320. Swing target is at 8380.if nifty fail to cross 8320 this time then expect 8040 for sure on downside. Future traders can buy nifty future around 8160 with strict stoploss for target 8250 and then 8320. Option traders use nifty 8300 call options as buy on decline with strict stoploss.
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