Nifty has entered in to buy mode and closed very near 10750 mark which is very crucial. The global cues are positive and we do expect a close above 10800. Since our market has not reacted too much when Dow was sliding down, one can expect a tepid start and a slow and steady up move today.
Do not short index or buy PE if Nifty hovers below 10800 in the morning session. It could be short covering of futures and CEs.
Nifty spot may close around 10912 and bank nifty spot 27197.
For expiry trade, be on the long side by taking OTM CE of 3rd January 2019 expiry.
Good Luck!
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