NIFTY VIEW:
Nifty 50 (7908)
Nifty has broke its historical support of 7920..7940 zone, again the last hope of support lies around 7870...7880 zone as mentioned earlier close and maintain below this zone an take nifty to 7540 levels.
Bounce from here can take it to 8000..8200.
The direction in market is uncertain due to low volumes as Fii 's are in a holiday season, December expiry and demonitization effect.
Market can go both ways keep position light.
Nifty 50 (7908)
Nifty has broke its historical support of 7920..7940 zone, again the last hope of support lies around 7870...7880 zone as mentioned earlier close and maintain below this zone an take nifty to 7540 levels.
Bounce from here can take it to 8000..8200.
The direction in market is uncertain due to low volumes as Fii 's are in a holiday season, December expiry and demonitization effect.
Market can go both ways keep position light.
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