December F&O series started with bank Nifty up by 110 points and reclaimed 8100 marks easily . Strong dollor triggered rally in IT stocks. IT index up by 4.52 % lead by TECHM TCS & INFY. Pharma stocks equally supported Nifty move lead by Sunpharma Auropharma and Lupin. Advance decline ratio was infavour of bulls. Shorts covering triggered some of the stocks.
In F&O space stocks like REC & PFC added considerable number of contracts in todays trading session, So i expect some big moves in these stocks. Watchout this in coming days.
IT stocks continue to perform well as per todays move , buy dips preferred TCS & TECHM
Options Analysis: 8500CE having highest open interest is the strong resistance for Nify. 8000PE having high open interest will support nifty at 8000 spot levels. Bulls should hold 8000 levels in coming sessions for further upmove, any dip will attract buy.
In F&O space stocks like REC & PFC added considerable number of contracts in todays trading session, So i expect some big moves in these stocks. Watchout this in coming days.
IT stocks continue to perform well as per todays move , buy dips preferred TCS & TECHM
Options Analysis: 8500CE having highest open interest is the strong resistance for Nify. 8000PE having high open interest will support nifty at 8000 spot levels. Bulls should hold 8000 levels in coming sessions for further upmove, any dip will attract buy.
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