Nifty Outlook for December Series

• FII's bought 100 K contract of Index Future worth 2188 cores, 101 K Long contract were squared off by FII's and 143 K short contracts  were squared  off by FII's. Net Open Interest decreased  by 245 K contract ,so nothing major to read on today's data as FII's were in square off mode.

Nifty made low of 8438 so still in range of 100 point correction as discussed in previous post  so till 8430 is not broken bulls are safe and will march towards new high , and if 8430 is broken than we can see decline of 100 points in nifty. ATR chart of nifty is shown below,ATR has been reducing for the whole of November month signifying December is going to be..

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