Thursday, December 1, 2016

December series levels

Index has some relief rally. In last five days 4 positive closes and yesterday it has negative close. As per option data serious betting on 8000 put and 8300 call. So we expect in upcoming days is high volatile between these points. I think market doesn't make any big move from this point. If it breaches 7900 on closing basis then we can expect to nifty touch 7600.

Pharma sector looks bullish, SUNPHARMA, DRREDDY, LUPIN looks bullish. Hexaware are also looks bullish.

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