nifty future outlook for 26th may 2016

nifty future outlook for 26th may 2016Nifty future today closed at 7938 with heavy gain of 180 points. Today we saw sharp short covering rally which had taken nifty future near previous highs.   For tomorrow, my outlook still bearish and strategy is sell on rise. On upside 7965 and 7995 are intraday resistance levels. On downside 7895 and 7830 are intraday supports as well as tgts zones.   Future traders can go short near or above resistances with stop loss for tgts 7895 and below.   Option traders watch nifty 7800 put options of June expiry for intraday trades.
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Pramod Baviskar

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