Thursday, December 6, 2018

NIFTY PREDICTION & NIFTY OPTION TIPS FOR 6 DEC 2018

NIFTY TODAY
Market remained under pressure throughout the session on negative global cues, weak rupee and sustained selling by foreign as well as domestic institutional investors with Nifty ended just above 10600 level, while Sensex lost 570 points. The Sensex was down 572 points at 35312, while Nifty was down 181 points at 10601. Global markets were in a risk-off mode due to fresh flare-up of tensions between China and the US. Oil prices are inching up on expectation of production cuts by Russia and Opec, weakening rupee further.
NIFTY TOMORROW
Nifty has reached closer to the immediate and crucial hurdle of 10600, and a decisive breakout will trigger fresh surge ahead. We suggest maintaining cautious approach in the nifty future, considering the mixed sentiment. Traders should focus more on the money management aspects and avoid taking unnecessary risk. The 10700 and 10800 levels may act as immediate resistance levels for Nifty, while supports may come in at 10550 and 10500 levels.
More about intraday tips on Google +
Resistance: 11100, 11200
Support: 10900, 10800

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