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Daily Market Strategy – Parliament in focus! Flat start for Sensex and Nifty
The outlook is a flat to weak start as December series gets underway. For the near term, support for Nifty is seen emerging at 7720 levels and resistance close to 8055 (spot basis). Lower rolls in share terms for Nifty coupled with VIX trading at lower levels indicates focus is likely to shift on individual stocks. The rupee movement will also be closely eyed.