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MTECHTIPS NIFTY FUT intraday trading analysis 13-08-2015

MTECHTIPS NIFTY FUT intraday trading analysis 13-08-2015

MTECHTIPS Nifty Aug Future Today Closed At 8368 With Loss Of 123 Points. In Intraday Nifty Future Hit High Around 8457 While Low Was At 8355. My Given Target Of 8355 Exactly Achieved Today. On Downside 8280 Is Next Support. 3% Plus Cut In Open Interest Suggest Strong Profit Booking By Investors. Option Side, Nifty 8500 Call Option Writing Seen Today. For Tomorrow As Well As Short To Medium Term View, This Market Is Only For Risk Takers. And Traders Must Keep Buy And Accumulate Strategy For Nifty On Decline. Expecting Sharp Bounce Back Up To 8540 And Above.
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