November series ended on a mixed note with nifty rejecting 17600 third time in past few days , the expiry day yet again closed near to 17600 but could not cross it indicating a lower move in the coming session and december series is likely to start on a low with a probability of lower range retest of supports of 17250 , below which 17200 and 17050 may be retested
Bank nifty has witnessed same resistance at 37800 levels thrice and is on verge of retest of 36800 levels , below which 36500 can be seen
As we have intimated last week overall all sectors and stocks will feel the wrath and jolt and will see downsides in coming sessions and will seek lower levels
This would be the time for cherry picking and accumulation of good rsi stocks
Commodities looks subdued in base metals , energy and bullions
Our November series ril 2400 ce turned 10000% times and zoomed past 100
Holding index shorts in nifty, bank nifty with puts in indigo and shorts in chola fin December series
Stocks to watch
Sell nifty and bank nifty
Buy nifty 17300 pe 2 dec
Buy bank nifty 37000 pe 2 dec
Buy tata motors 480 pe
Buy dlf 400 pe
Buy cipla 900 ce
Buy interglobe 2000 pe
Sell bandhan bank , nalco
Sell crude mcx
Buy silver gold mcx
