Free nifty future option trading tips for 3 November 2016
Nifty future today closed at 8549 with loss. As expected we saw strong sell off in nifty future below 8665. Nifty future today hit low near 8530 and my given target was 8500. From 8700 to low of 8530 minted huge profit for subscribers. For tomorrow, 3 November 2016, nifty future outlook remain weak and below 8665 traders use major bounce backs to go short with stop loss. Nifty future might test 8500 and then 8335 levels in near terms. Watch for panic moves below 8500 levels. For tomorrow, nifty future intraday resistance levels are 8580 and 8620 and these are fresh short entry zones.support zones as well as downside targets are 8520 and 8420. Future traders can use 8580 to 8620 zone to go short with stop loss for target 8520 and 8480. Nifty option traders can buy and accumulate in nifty 8400 put options of November expiry around 50-60 zones with stop loss for big short term gains. Nifty weekly chart looking very weak and this time nifty might fall up to 8160 in medium to longer term which is major support on downside.