Nifty future yesterday hit high at 9829 and closed at 9792 with flat loss. Nifty future price trend and momentum both are bullish. From low of 9450 we saw strong short covering rally and one side move achieved nifty future July targets of 9660 and then breakout above it hit my next target of 9820.
Nifty future now looking overbought and might correct towards support of 9660 and 9555. But if sustain above 9820 then that will be another super bullish run rally for nifty future with price targets 9920 and then 10080.
Nifty future Traders near 9820 can take sell call with stop loss for corrective move or nifty option traders can buy nifty 9800 put options with stop loss for big gains for correction in index.
Nifty weekly chart looking strong and is heading towards my investment target of 10400!!