Wednesday, December 2, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 3 DEC 2020

FOR LIVE TRADING TIPS WHATSAPP ON 9039542248

Market trimmed losses to end flat on Wednesday led by gains in metal, auto and IT sectors. However, gains were capped by a loss in financials and bank with both the sectors down over a percent each. The Sensex ended 37 points lower at 44618 while the Nifty rose 5 points to settle at 13114.

The markets are bullish with upbeat momentum. Traders can consider booking profits at regular intervals and updating their stop loss levels too. We have a strong support at 13000-12950. A buy on dips strategy is advised whenever there are intraday drops or corrective phases. A target of 13150-13200 over a period of time is likely.

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Resistance: 13150, 13200, 13250

Support: 13000, 12950, 12900

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