The index has to hold above 15,750 to witness an up move towards 15,962 and then towards 16,200, while on the downside, key support levels are 15,600 and 15,500, said Chandan Taparia of Motilal Oswal Financial Services
For the Bank Nifty the most critical level is 18000-17900 but if that is taken out then there could be a good fall, says Rajat Bose.
If we see the intraday chart of the Nifty, all of a sudden we have seen the Nifty zooming past its important resistance mark. It looks like a fat finger error instead of 5,896, the quote has been 5,996.
SP Tulsian, sptulsian.com in an interview to CNBC-TV18 says overall the index will trade positive for the week. "I am expecting the positive bias to continue with a level of about 6200. So, 6000 plus for this week, 6000-6050 on the Nifty Future but thereafter the things are likely to continue till the expiry on the positive side,' he asserted.
SP Tulsian, sptulsian.com shared his reading and outlook on stocks land market. Speaking on the February series he said, “I will keep positive stance on the February series and expect t the Nifty Future to move to a level of about 6,300 or so.
According to a report by RK Global, expect this choppy trend to continue ahead of global uncertainty so trade cautiously.
According to a report by R K Global, avoid aggressive trading position in early morning trade, though 5960 is still intact, so any kind of short selling is not advisable.
According to a report by R K Global, Nifty Future ended on a flat note at 6039.55 with a hanging man candle. It failed to sustain above 6050 level and closed at midpoint of the day. Candle pattern suggests 6050 is the key level for further movement while 6150 is the next destination.
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.
ICICIdirect.com has come out with its report on Nifty Future, Bank of India (BOI), Polaris Software, Biocon and IDFC
ICICIdirect.com has come out with its report on Nifty Future, Tata Power, Lupin, Hindustan Zinc and Bharti Airtel
ICICIdirect.com has come out with its report on Nifty Future, Power Grid, Exide Industries, Sintex Industries, Idea Cellular
ICICIdirect.com has come out with its report on Nifty Future, Tata Motors, HCL Technology, ITC and Hindustan Zinc
NSE F&O cues: Total stock futures added 2.68 crore shares in open interest and Nifty Future added 2.18 lakh shares in open interest.
Total Puts added 13.60 lakh shares in Open Interest and total Calls add 26.72 lakh shares in Open Interest on December 21.
Nirmal Bang has come out with a pre-market research report. The research firm says, strong support for Nifty future is seen at 6,130 and resistance seen at 6,220.