The markets remained under pressure as intimated and found supports at levels mentioned and forms an engulfing triple bottom for the coming sessions as it stays on border of 200 dema for both nifty and bank nifty
Technically the structure is perfect for a bounce if supports are held and may inch towards 17300-400 in the coming session ahead of the important financial event due in the week , bank nifty may do 37000-37500 and we hold long for the same going with the supports on monday and the triple bottom made
Sectors like metals , power , banks , pharma will be the foremost to bounce and stocks like torrent pharma , hindalco , icici bank , axis bank , havells india , power grid will do well on the upside in futures and options
Crypto punk , socks , 42 , glyph , squid will be the forerunners for upsides
Commodities will also see upsides in bullions , base metals and energy
Stocks to watch
Buy nifty and bank nifty for 17300 , 37000
Buy nifty 17200 ce 9 dec
Buy bank nifty 36400 ce 9 dec
Buy icici bank 720 ce
Buy hindalco 440 ce
Buy torrent pharma , axis bank
