Index trading with CA Nitin Murarka (SMC)
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ā³ļø Opening data is positive. Strategy remains buy on dips. Markets may stay sideways to positive, led by lower volumes due to Christmas and year-end holidays.
āļø Market Opening Outlook ā Dec 24
ā¢ Asian markets +0.3%, tracking overnight Wall Street gains
ā¢ Strong US GDP data supportive for IT & Pharma stocks
ā¢ Low trading volumes expected due to year-end holiday season
ā¢ Resistance: 26,200ā26,250 zone
ā¢ Support: 26,100 levels
ā¢ Overall trend: Positive
ā¢ Strategy: Buy on dips
ā”ļø Overall sentiment remains mixed ā global cues are positive, but low volumes and FII outflows may cap upside.
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nifty spot closed in the bands of 26150-26200 in line with data highlighted in the afternoon seen
