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Today the market has gained strength due to automobile,media and select bank stocks. Our most trusted twin stocks in bank sectors have proved again their speculative strength. The Nifty has moved to some extent and facing some struggle.
As far as the Nifty futures is concerned, the level at 7900 is acting as a speed breaker, so the Nifty traders can watch and enter their trades with a suitable strategy or with an adequate stoploss.
On further, if the Nifty future falls below 7845, a massive selling will appear in the market and it will drag down Nifty to further lower levels.
The Nifty option traders can stick on the 7800 strike on either side.Because this is the most promising level for this December series.
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