Expect market to remain choppy: R K Global

According to a report by R K Global, ahead of December F&O series expiries, market is expected to remain choppy so cautious trading is advised at this juncture.

Nifty Future ended on a flat note at 5865.55 with a spinning top candle. It closed with a mild gain and as the intraday movement suggests, it is facing resistance around 5880 level. So any major movement is only possible if it starts moving above 5880 level. We observed improving index breadth, which is expected to provide some support to the index.

We still suggest avoiding aggressive short selling till 5820 is intact, moreover 5880 and 5920 is the crucial resistance on the way up for further up move. Ahead of Dec F&O series expiries, market is expected to remain choppy so cautious trading is advised at this juncture.

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