Day Trading Guide by Kotak Securities

The market closed the year in a positive zone on Thursday mainly on the back of excessive strength in HDFC and short covering in few front line technology stocks. However, bank stocks failed to shine and that arrested the market from crossing the psychological mark of 8000. For the next few days, 7885 is going to act as a major support for the market and a break of the same would result in a short-term correction, may be to the level of 7800. Crossing 7980 would be grossly positive for the market and in that case, one can take positional long trade in the options segment by buying out of money call options.