pre market nifty view: watch 8000 level as breakout

nifty future and option tips for 2 dec. 2015 nifty future and option tips for 2 dec. 2015 Nifty December expiry future today closed at 7989 with a gain of 10 points. Nifty today made low around 7961 while high was at 8005. 45 points intraday range and another positive closing. Nifty 7800 call option given 30+ rupee swing in intraday. For tomorrow, the nifty outlook remains bullish and strategy is to buy on dips. On downside expect intraday spot supports around 7930 and 7880. On the upside, 8000 and 8050 are resistances as well as target zones. Traders here keep buy on dips view for nifty future for target 8000 and 8050. Buying near support will be best for lower risk. Option traders use nifty 7800 call option for buy on a decline.

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