MTECHTIPS NIFTY FUT intraday trading analysis 30-06-2016

MTECHTIPS NIFTY FUT intraday trading analysis 30-06-2016
MTECHTIPS Nifty future today closed at 8203 with gain. The NSE Nifty closed with a gain of 76 points at 8,204.The BSE Sensex opened 102.60 points up at 26,627.15 while NSE Nifty opened 45.25 points up. Nifty future intraday high was at 8214 while low as at 8155. Total almost 60 points intraday range and closed near day high with strong bullish outlook. Benchmark indices ended near day’s high after the Cabinet today approved the recommendations of the 7th Pay Commission. For tomorrow 30 June 2016, nifty future outlook above 8145 remain bullish and buy on dips. On upside 8280 and 8310 are resistances as well as target zones. The prospects of the much delayed GST (Goods and Services Tax) Bill being passed in the forthcoming Monsoon Session of Parliament. Supported by positive European and Asian equity markets, domestic bourses closed Wednesday’s trading session on a positive note. On upside 8280-8330 is major hurdle from medium term, weekly closing above it means upside target of 8480+ for nifty future. The Southwest monsoon is likely to hit the national capital in next 2-3 days as it picks up pace and advances further to parts of northwest India, IMD said today.

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