Morning update Tue, 2ed Dec:

Morning update Tue, 2ed Dec:

With all Asians counterparts trading weak, expect a gap down open for nifty.
The open around or below 2.6K mark would drift it further towards major support area 2540-2550. The breach of this support would initiate the fall to re-test the earlier lows or even making new low in this month itself.
The traders may hold shorts/ initiate new on any bounce as mentioned in weekly view.