Free nifty technical tips 10 December 2015

Nifty future today closed at 7648 with the loss of 81 points. This was a straight sixth losing session for a nifty spot. In this 6 sessions, nifty lost almost 350 points from the top. Today another fresh breakdown was seen in nifty. This fresh breakdown has its first target at 7480.

For positional traders now targets are at 7580 and then 7480. On upside 7720 will be reversal point and stop loss for short positions.

For intraday nifty support levels, as well as target zones, are 7580 and 7530. On upside 7680 and 7715 are resistance levels.

Future traders keep short view with stop loss for target 7580 and 7480. Option traders use nifty 7800 put options for buying and accumulation.