14 june nifty future and option outlook

14 june nifty future and option outook Nifty future today closed at 8130 with loss. In intraday we saw low level up to 8082. Nifty daily chart price trend and momentum both are bearish on correction. On downside 8110 and then 8040 are support zones as well as target level. Below 8150 keep bearish view for intraday.   Above 8150 expect intraday recovery or short covering rally up to 8180 to 8215. Future traders for tomororw with stop loss above 8150 can hold short view for targets 8040. Below 8040, nifty turn bearish and start fresh short term downtrend for target 7850.   Option traders below 8150 keep buy and accumulate view for nifty 8100 put options for intraday.

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Pramod Baviskar

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