Dated :- 27.12. 2015                                 NIFTY SPOT : 7861.05

Hi,

Readers,

Nifty moved exactly as was mentioned by me in my blog dated Dec 20, 2015. It is spending more time in the range.

It was mentioned in my previous blog that nifty wants to spend more time in the range and above 7808 Nifty will be inclined to move towards the upper end of the range.

Same happened.

Now What :-

Now we are into the last week of this calendar year. Low volumes will keep on persisting and dull, lackluster and boring movement in Nifty is expected. We have expiry on December 31 and Jan 1, 2016 is holiday in most of the markets of the World.

Chartically Nifty has some what shifted its range. And now the range is 7700 to 8000. Though the range is 7700 to 8000 but still due to lackluster trading Nifty may even move in smaller range.

In continuation of my earlier view. I still consider that till now the market is buy on declines till 7650 holds. For this view the next condition is that, the level of 7997 which is very important level needs to be crossed by Nifty as early as possible. i.e. for maintaining buy on dips approach the next condition is that Nifty has to go and stay above 7997 otherwise we will review our stance.

Trade Accordingly.