MTECHTIPS:INTRADAY TRADING ANALYSIS FOR NIFTY FUTURE
Nifty dec future today closed at 5931 with loss of 12 points or 0.19%.today nifty dec future after opening gap up hit high near 6002 which si highest level for nifty future in 2012.today low was 5897 which came in later session on profit booking.today total 105 points intraday volatility which almost 2% on price with 1% open interest build up.
as we given yesterday nifty dec future hit stoploss but that was a trap move from nifty and in next upcoming session we may see lower level.downside momentum will pick up below 5870 only till flat to downside moves expected.
for tomorrow follow same strategy to sell in between 5940-5950 with stoploss just above 6005 and expect 5870 to 5850 in intraday.
nifty swing target comes at 5800-5740 levels.option traders buy nifty 6000pe on decline with strict stoploss for intraday.swing traders must buy nifty 5900pe jan series.
nifty future tips stay short and follow sell on rise strategy here
for targets 5870 to 5850 in intraday.
fresh entry zone will be 5940-5960
option traders must buy nifty 6000pe for intraday.