Wednesday, December 5, 2018

NIFTY PREDICTION & NIFTY OPTION TIPS FOR 6 DEC 2018


NIFTY TODAY
Market conditions turned into favor of bears. It’s a negative close for the market for second consecutive session as investors reacted to the stance on interest rates by the Reserve Bank of India. The Monetary Policy Committee kept interest rates unchanged, but sharply cut the inflation targets for October-March.  However the Sensex had cracked over 300 points, while the Nifty tested 10750 mark. 
NIFTY TOMORROW

We reiterate our bullish view on markets and suggest keeping “buy on dips” approach in Nifty future till it holds above 10750. Nifty future has already surged yet to a new high now with daily trends also turning positive. The support for the Thursday is seen at 10735/10700 while resistance is seen at 10875/10925.
More about intraday tips on Google +
Resistance: 10875, 10925
Support: 10735,10700

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