nifty future technical call 5 april 2016

nifty future technical call 5 april 2016 Nifty April expiry future today closed at 7791 with gain. Index future price trend and momentum both are strong bullish.   But indicators are in overbought zones so limited upside and downside targets is 7520. For tomorrow, resistance levels are 7860 and 7900 while support as well as target zones are 7740 and 7680.   Sell nifty future at or above resistance with stop loss for targets 7740 and 7680. Option traders can buy nifty 7800 put options with stop loss for intraday.

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Pramod Baviskar

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