You must read previous articles and watch the given chart carefully to
understand this article completely.
For 02 December 2015: -
On 01 December 2015: FII Net Sold – INR 106.78: DII Net Bought – INR – 194.75
RBI policy goes as non-event. This was expected. So far Indian indices
have not done much this week. If I am right then it may remain dead like this. I
still expect to achieve 8000 levels on Nifty. It is always tough to predict the
outcome of this kind of choppiness. Most of my study remains same as yesterday.
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.
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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) – This is
in line with my expectation. S&P came at 2100 levels. Good part is that it
has closed above 2100. Once again it is giving a feeling for momentum just all
such occasion when it has passed this level. I repeat, it may be looking to hit
new all-time high but things will not be easy. I have no desire to buy US
indices at current levels although rise may come.
