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Watch Nifty
Ø Nifty had corrected significantly. As we had said on 14/12, 5950-60 proved to be a significant resistance level and could not be breached. Intraday also we had advised shorting near 5950. Nifty has supports(minor) at 5860, 5830, 5790-5800. We have to see if these support levels hold or if it goes down to take support around the 5700 levels.
Ø For 16/12 Nifty's support is around 5860 and then around 5830.
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