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  • MTECHTIPS NIFTY FUT intraday trading analysis 25-05-2015

MTECHTIPS NIFTY FUT intraday trading analysis 25-05-2015

MTECHTIPS NIFTY FUT intraday trading analysis 25-05-2015
MTECHTIPS nifty spot on last trading session closed at 8458 with gains. on daily chart, nifty is trading above 1 month average and at 3 month average for trend breakout. nifty price trend and momentum both are bullish and expect this trend breakout in next week on news flow as well as fundamental supports. 8350 is 1 month average support level. nifty daily chart macd is with bullish divergence. while RSI is heading towards 70 level with strong bullish divergence. nifty CCI is at 124 with bullish divergence. nifty this week closed with gains. this week nifty hit high at 8490 while low was at 8270. total 220 points or almost 3% weekly swing and index closed with gains. this was second weekly gains for this index. in these 2 weeks period we seen almost 300 points recovery for nifty. for next week, nifty futures traders above 8390 spot keep buy on dips strategy for nifty for target 8630+. option traders can use 8300 or 8400 call options of next month for buying and accumulation on intraday correction.WWW.MTECHTIPS.COM
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