Plan for December 9, 2019

Down day today, the market may still fall further.

Nifty and Banknifty broke support and went down. Nifty and Banknifty may consolidate.

1. Nifty may consolidate, sell below 11,880.
2. Banknifty support at 31,010, buy only above 31,550, below that go only with sell bias.
3. Most of stocks look will fall further, try not to buy in a hurry
4. Kotak resistance at 1,680.
5. ICICI is due for fall.
6. SBI is at support.
7. Crude rejected at 4,200. Looks will consolidate.
8. Natural gas may breakout. Buy above 176 and sell below 170.

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.