Nifty future technical outlook for 27 dec 2016
today closed at 7917 with loss. As expected nifty future continue to tumble and heading towards my given target of 7860. For tomorrow, 27 December 2016, nifty future intraday resistance zone is 7930-7960 and this is fresh short entry zone for nifty traders with stop loss. On downside 7858 and then 7780 are . Nifty future price trend is bearish and indicators are oversold. So if bounce back rally comes it will be strong and sharp and might last up to 8280. Nifty option traders keep buy and accumulate view in nifty 8000 put options of January expiry around 110 to 135 zone with stop loss for big gains in short terms.