As said and expected the markets bounced from the crucial levels of 17000 and 35800 on nifty and bank nifty and now is closer to resistance levels of 17500 and 37000 after achieving the logical targets mentioned
Technically huge call writers with high oi stands at 17500 on nifty and 37000 on bank nifty which will act as a resistance for the markets and may see a reaction in the coming session
The rsi and macd also cools off after a surge with 200 dema at a closure which indicates subdued moves in stocks and both calls and puts premium will be down in favour of writers
Commodities remains weak in bullions , base metals and energy
Stocks to watch
Sell nifty and bank nifty as above
Buy nifty 17400 pe 9 dec
Buy bank nifty 36800 pe 9 dec
Buy upl
Buy zee 340 ce
Sell m&m
Sell crude , silver , gold mcx
