MTECHTIPS INTRADAY TRADING ANALYSIS FOR NIFTY FUTURE
Nifty dec expiry future today closed at 5937 with loss of 8 points or 0.13%.today nifty future opened flat and after making high at 5955 given on all gain and closed in red.today nifty dec future low was 5923.tight range of 32 points with 2.18% open interest change on profit booking.nifty spot todays closing value is 5908 for tomorrow nifty future momentum is bearish and on intraday chart below 5625 we will see sharp cut off upto 5800?so stay short and expect lower levels.on upside 5980 top remain strong supply zone and 5950 average is small resistance option traders buy and accumulate in nifty 5900 or 6000 put options to encash correction.
sell nifty dec future in range of 5940-5950
keep stoploss just above 5985 and expect 5880-5800
as intraday to positional targets.
option traders must buy nifty 5900-6000pe.