MTECHTIPS NIFTY FUT intraday trading analysis 20-06-2016
MTECHTIPS Nifty future today closed at 8153 with loss. Nifty is turning volatile and lost all previous day gains. Today move is very bearish signal on chart and below 8100 expect deep downside for this index future. For tomorrow, nifty above 8100 remain bullish and buy. On upside 8215 and 8250 are resistances as well as target zones. Below 8100 expect 8040 as first major stop and then 7950. Volatility will remain high for next 1-2 weeks. Future traders above 8100 keep intraday buy view for nifty future with stop loss for target 8215 and 8250. Option traders above 8100 use nifty 8300 call options as buy and accumulate.