The Nifty must stick it's head above the 7815 mark for the bulls to remain firm and continue it's strength up north like it did for most of the previous week. On the other hand if the benchmark index slips below 7665, then the Nifty will remain weak and and head towards the rock support of 7586.
The intra-day and weekly traders may trade accordingly keeping in mind that that this is a truncated week of four sessions on account of holiday on December 25 2015.
However, the market is expected to show a fresh bout of bullish activity on the opening bell on Monday 28 2015.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.
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