"BUY NIFTY 10700 PUT @ 60 TGT 78/98 "
NIFTY TODAY
Bears continue to rule on D- Street,
signaling a possible halt to this Santa rally. The nifty continued its losing
streak for the third consecutive session on Monday, ending the Christmas-eve by
falling nearly 1 per. The Nifty has ended below 10,700, while the Sensex
closed with cuts of nearly 300 points. At the close of market
hours, the Sensex was down 271 points at 35470, while the Nifty was lower by 90
points at 10663. The market will be shut on Tuesday on account of
Christmas.
NIFTY TOMORROW
We
expect a tepid start on Wednesday. While some volatile moves can be expected,
Nifty should broadly honor the important supports on the charts. Nifty is likely to see 10800 and 10850 levels
act as key resistance and 10650 and 10600 levels act as potential supports.
DAILY
RESISTANCE FOR NIFTY: 10800, 10850, 10900
PIVOT POINT:10700
PIVOT POINT:10700
DAILY SUPPORT FOR NIFTY: 10650, 10600, 10550
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