Tuesday, December 8, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 08 DEC 2020

The Indian market ended with modest gains on Tuesday dragged by Sun Pharma and Hindalco. Market closes with minor gains Sensex & Nifty post record close. Nifty gains 37 points to 13393 & Sensex 182 points to 45609. Banknifty advances 50 points to 30262 & midcap index 11 points to 20439.

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.

More about intraday tips Whatsapp On 9039542248

Resistance: 13150, 13200, 13250

Support: 13000, 12950, 12900

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