MTECHTIPS NIFTY FUT intraday trading analysis 01-07-2016

MTECHTIPS NIFTY FUT intraday trading analysis 01-07-2016
MTECHTIPS Nifty July expiry future today closed at 8326 with gain. Nifty continues its bullish run as buying continues into markets. Sensex ends 259 points up on GST hopes amid F&O expiry, Nifty settles at 8,287; Uttam Galva surges 13 per cent. The BSE Sensex and NSE ended the day in green. Nifty future in intraday hit low of 8268 while high was at 8334. Almost 65 points or 0.75% intraday range and another positive closing for nifty. Nifty index opened positive with runaway gap for second consecutive trading sessions and headed towards 8,300 zones by hitting its fresh eight month high. Nifty likely to see 9100 levels soon: Rare Enterprises. India may soon get into the level of outperformance and the sectors. For tomorrow, nifty price trend and momentum both are bullish and nifty intraday trading strategy will remain buy on dips. The broader NSE Nifty scaled the 8,300 mark for the first time this year. Of late Also, the 50-share NSE Nifty regained the 8,300-mark and settled at 8,287.75. On upside 8350 and then 8410 are intraday resistances as well as target zones while on downside 8230 and 8200 are support zones. Watch short covering in nifty 8400 call options if nifty gets above 8350.
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