You must read previous articles and watch the given chart carefully to
understand this article completely.
For 01 December 2015: -
On 27 November 2015: FII Net Sold – INR 519.25: DII Net Bought – INR – 900.48
We saw a dull close before RBI’s monetary policy. This makes some sense
near 7940 resistance mark. I still give edge to bulls only. Technically, the
day can be volatile but lastly it should go in favour of bulls only. If this
happens then we may get closing near or above 8000 marks.
For today’s trading session, I am expecting market to open on silent to
positive note. As long as it is standing above 7920-7900 we can hope for rise. My
first probable target is 8000 on Nifty. It may come today or tomorrow. This
market is buy-in-dip for trading. Do not trade if one do not want to deal
volatility. One can expect actions in post policy hours only.
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Strategy for Nifty December future – Nifty
Future may open around 8000 levels and immediate target cum resistance will
emerge at 8030. Above 8030, we have practical target at 8100 levels only. We
can expect down side support at 7930-7900 levels.
S&P 500 (USA) – Some
range bound session may cause this kind of moderate fall but largely market is maintaining levels close to 2100 only. I repeat
that as long as S&P remains above 2070-2060, it may not fall so easily. On other
hand I never try to be bullish at 2100 levels. Let us see what the desired
decisive moves will come. One should wait till then.
