nifty hit low 7800 outlook bearish

Nifty future technical analysis 12 may 2016   Nifty future technical analysis 12 may 2016 Nifty future today closed at 7869 with loss. My short call minted almost 120 points profit while my nifty 7800 put option minted almost 16k+ profit for subscribers.   Nifty future outlook is bearish and keep sell on rise view. Below 7820 we will see strong selling till then correction and consolidation phase.   For tomorrow 12th may 2016, nifty future intraday support zones 7835 and 7780 and on upside 7920 and 7945 are resistances as well as short entry zones.   Keep buy on decline view on nifty 7800 put options with stop loss.

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Pramod Baviskar

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