nifty future-watch 8000 level for breakout tgt 8025-8080

nifty future-watch 8000 level for breakout tgt 8025-8080 Nifty future today closed at 7990 with 11 points gain.   Nifty future is facing strong resistance at 8000 level if it takes out this resistance in intraday then see momentum short covering up to 8025 to 8080.   If expire above 7995 then expect 8250 on upside.   But as banknifty facing supply zone expect more chances of downside than upside.   Risky traders can go short in nifty future around 8025-8050 zone with strict SL for intraday correction.   Risky option traders can buy nifty 8100 put option on decline with SL.

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Pramod Baviskar

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