nifty future shorting oppertunity : tgts 7605 and 7300 ???

Nifty future technical forecast 10 may 2016 Nifty future technical forecast 10 may 2016 Nifty future today closed at 7912 with strong gains at day high. In intraday we saw breakout above 7820 and sharp short covering rally in one way.   Though outlook for nifty future still remain bearish and use these bounce back to go short. On downside below 7820 expect sharp fall up to 7605 and then 7300.   For tomorrow 10th may 2016, nifty future intraday support zones are 7890 and 7825. On upside 7940 and 8110 are resistances.   Option traders can use nifty 8100 put options to buy and accumulate with expiry view.

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Pramod Baviskar

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