nifty future analysis for 18 may 2016

nifty future analysis for 18 may 2016 Nifty future today closed at 7905. For tomorrow nifty future outlook is bearish and today’s high will remain as top resistance for tomorrow.     On downside my tgts for nifty futures are 7880 and 7845 while on upside 7945 and 7980 are resistances as well as fresh short creation levels.   Option traders watch nifty 7800 put options for big intraday move.   From medium term view, watch 7750 if breaks below it then expect 7600 and 7300 levels on downside.

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Pramod Baviskar

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