nifty future technical anlysis for 24 may 2016

nifty future technical anlysis for 24 may 2016 Nifty future today closed at 7739 with loss. Nifty future below 7820 facing strong supply from market and heading towards 7600.   For tomorrow, nifty future outlook remain bearish but strategy remain buy at support only for intraday. Nifty intraday support zones are 7685 and 7660 while on upside 7740 and 7790 are strong intraday resistances.   Future traders can buy around 7640-7660 levels if found with SL below 7600 for tgts 7740 and 7790.   Option traders watch nifty 7700 call options for big recovering rally.

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Pramod Baviskar

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