Nifty was expected to move beyond 6000 for short term as the market breath was positive as of now and one could also see OI positions building up in Nifty Calls (out of the money), though the long term prospect still looks negative as the corporate earnings are expected to take a hit due to withered economic condition and political uncertainty. On the global front, Fed taper tantrums is also pressing Nifty from making any big move on upside. Nifty has been hovering within a specified range and is expected to remain there till it sees some major changes on an economic front. In the coming month, Nifty's movement will be mostly guided by the three major factors: (a) Second quarter results of the corporate earnings, (b) RBI mid quarter review and (c) FOMC meet, will keep focus on QE tapering.

Nifty was seen upto 6,800 levels, Sensex near 23,000 by December-end.

Benchmark indices can extend gains upto 6,700-6,800 levels by December-end on the Nifty which signifies an upside of over 6 per cent from Monday's record high of 6,415.25. Accordingly, Sensex can surge to a level of nearly 23,000 from today's record high of 21,483.74.

On November 3, 2013 it was seen the previous all-time record closing high for the Sensex was 21,239.36. The Nifty rallied over 150 points to hit an-all time high levels. The index took nearly 5 years and 11 months to cross its previous all-time intraday high level of 6357.1, which was hit on 8 January, 2008.

After today's gap-up start Nifty could even appreciate more in the month of December. Market has potential to move up further in the month of December itself and can rally upto 6700 or 6800 in this month itself.

With the Pre-market Report Nifty seen opening flat on first trading day of 2014

In 2014 year starting week of January, it is said that outstanding positions in index futures have reduced by 24,631 contracts implying foreign investors are seen unwinding some of the long positions in Nifty futures and Bank Nifty futures. The BSE Sensex rose 8.9 percent and hit a record high in 2013 despite slowing growth and sticky inflation on back of over USD 20 billion worth buying in stocks during the period.

Overseas investors also sold cash shares worth Rs 319 crore in addition to Rs 139 crore of selling in the previous session, regulatory and exchange data shows.

Further it comes to across that the highest volatility in stock and commodity market. It was the positive opening in Indian stock market was expected but profit booking is also possible at higher levels. Nifty January series may not cross 6350 level. As per astro economics, 6350 is important level for bulls.

And finally in February starts with Futures contracts on India VIX index will start trading on February 26, the NSE said in a circular on Friday. India VIX is a volatility index based on the index options prices of the Nifty.

Bank Nifty Feb series closed on Friday at 10281. It was expected of positive opening is expected in Bank Nifty. Upper levels of Bank Nifty Feb Futures expected at 10350 but shallow profit booking was expected at this levels. Bank Nifty Future may test 10200- 10100 levels in next two trading sessions.

And the latest it is noticed on the index options prices of Nifty and is computed using the best bid and ask quotes of the on-the-money near-month and mid-month Nifty options contracts, which are traded on the F&O segment of the NSE.

Those whosoever wants to trade with Nifty Future Tips he has to follow below points -
€ Nifty future tips are generally given during the hours of the market generally 10 minutes before the trigger price.
€ The nifty future tips that are given are 90% accurate.
€ The nifty future tips are always given with utmost care and predicted with latest software.

Technical analysts are of the view that the traders should avoid going short at the moment as the market is uncertain and could resume a rally on either side of the range. They should wait for pull-back rallies to go short on the market as more downside is expected in the near term.