October 19, 2017

MTECHTIPS

MTECHTIPS INTRADAY TRADING ANALYSIS FOR NIFTY FUTURE

Nifty dec fut today closed at 5924 with 4 points loss of down today nifty fut with gap up opening hit high near 5963 while today low was 5915.total 46 points intraday volatility with bearish momentum.open interest risen by 6.32% today suggesting fresh shorts? as we given yesterday and recommending from last 3-4 session here upside is limited now and downside in wide open.so stay short for that and follow sell on rise strategy. on hourly chart nifty fut now below major 2 average and heading towards last support of 5855.indicators also now showing signs of correction.tomorrow we expect 5850-5840 on downside.5940 to 5960 is fresh short entry area.

Nifty fut sell nifty dec expiry future around 5940-5960
with stoploss above 6910 on closing basis
and expect 5855 to 5840 till this week end!!
option traders buy nifty 6000pe for intraday.

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Mtech

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