MTECHTIPS NIFTY FUT intraday trading analysis 16-09-2015
MTECHTIPS Nifty Sep future today closed at 7822 with loss of 54 points. In intraday nifty future hit high around 7887 while low was at 7801. Total 86 points intraday range and as expected profit, booking is seen in nifty future. For tomorrow outlook remain subdue. On downside, nifty spot has support zones around 7785 and then 7670 while on upside 7940 remain as major resistance and target level on short covering rally. Half a percent cut in open interest suggesting profit booking and option side nifty 8000 call option writing seen in intraday.