nifty future 23 march 2016 outlook

nifty future technical analysis for 23-03-2016

nifty future technical analysis for 23-03-2016

Nifty future today closed at 7729 with gain of 16 intraday we saw correction up to 7650 but strong buying momentum as well as trapped short covering boosted recovery and trend continues. This resilient nature of market continue to trigger short covering spikes in intraday. For tomorrow, traders in nifty future set 7650 trailing stop loss keep long view for targets 7765 then 7820 and final target is at 7925. Option traders can buy 7900 call option of April expiry with 2-5 trading sessions view with same stop loss given above.

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