nifty future intraday outlook 5 may 2016

 

nifty future intraday outlook 5 may 2016

Nifty future on 4 may 2016 closed at 7733 with loss of 51 points.

 

Short call below7820 given almost 90 points gains. While in the money put option zooming with big gains.

 

For 5 may 2016, nifty future will head towards my tgt 7605. For intraday 7715 and 7650 are support a well as shorts targets.

 

On upside nifty future intraday resistances are 7755 and 7798.

 

 

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