Nifty Update for December 22 - Inder Bhatia

Buy TITAN above 989 TGT 1023>1040 Stoploss 973.

The Indian market opened on a marginally lower note on weak global cues but closed in the green zone. For the coming session if Nifty trades above 3092 it could test 3130-3153. On the lower side 3033-3015 will act as as a support zone.

Last week nifty surged by 5.35 percent with significant gains and the Volatility Index closed below 50, indicating stability in the market. For the coming session Nifty is heading near multiple resistance zone of 3153-3254, and basis, we could witness profit booking toward 2860 zone. On the lower side for this week 2970-2930 will act support zone.