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Plan for December 3, 2019

Markets Consolidating may see some selloff.


Nifty and Banknity on short term frame looks consolidating.


  1. Nifty - Avoid trade. If Banknifty trade actives, then trade in that direction
  2. Banknifty - May have a trend day tomorrow or day after. Buy only above 32100. Go with sell bias and look for 31500.
  3. Kotak - 1640 plus buy
  4. SBI and ICICI buy on dips. SBI card IPO will boost SBI price. Look for 325 in SBI and 495 in ICICI for buy. ICICI trend day tomorrow.
  5. Indusind - May correct to 1500 levels. Trend day tomorrow. In solid uptrend. Look to buy at lower levels and can scalp on the downside.
  6. Ambuja - Good above 210 plus, buy with 203 stop
  7. Acc - Good above 1566-70
  8. Crude - Shakeout done, buy at 4200

Disclaimer-
All information is based on the current market situation. Take everything with a pinch of salt and consult your adviser. The outlook is for the personal use of the author and educational purpose for others. 
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