F&O data suggests 25,900 to be a key level for the Nifty, as it coincides with the 20-DMA, which is placed around the 25,850 mark. The Nifty is placed exactly at those levels.
Today marks the start of the December F&O series for the NSE contracts and history suggests that the final month of the year has generally been a good one for the index. Broader markets outperformed on Tuesday and the bulls would be hoping for that trend to continue, especially since the market breadth has been adverse these last few sessions.
Watch out for Bharti Airtel today due to a potential block deal, NCC for an order win, IOB for a large income-tax refund and NTPC Green for its lock-in ending. The handover from Wall Street is also a positive one.
Watch this space for all the live updates.
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