nifty future option tips 8 oct 2015

nifty oct future today closed at 8199 with 39 points gain.
7% open interest addition suggest long build up.
nifty 8300 call options writing is seen.
Nifty 1 week channel trend is up and
Nifty 1 month price channel trend is up.
RSI is near 65 with buy signal.
nifty intraday support will be 8125 and 8095.
on upside nifty intraday resistance will be 8215 and 8283.
for tomorrow, future traders can buy nifty around 8095-8125 zone
with stop los for target 8215 and then 8283.
option traders can use nifty 8100 call options
for buying and accumulation on correction.

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Pramod Baviskar

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