Equity benchmarks as well as broader markets remained lacklustre amid low volumes ahead of Christmas holiday. Technology stocks were under pressure while HDFC group stocks led the support. The 30-share BSE Sensex was down 11.65 points at 25967.95 and the 50-share NSE Nifty declined 9.60 points to 7969.50. The market breadth was negative as about 1133 shares declined against 954 advancing shares on the BSE. Asian shares were in the red with little Christmas cheer in thin holiday trade. China's Shanghai and Hong Kong's Hang Seng were down over half a percent. Sun Pharma (NS:NS:SUN) climbed more than 2 percent on short covering and acquisition of 14.58 percent in US-based scPharmaceuticals Inc. HDFC, HDFC Bank (NS:NS:HDBK), HUL, Reliance Industries (NS:NS:RELI) and Maruti Suzuki (NS:NS:MRTI) gained 0.3-1 percent. ITC (NS:NS:ITC), Tata Motors (NS:NS:TAMO), Infosys (NS:NS:INFY), TCS, Axis Bank, M&M and Adani (NS:NS:APSE) Ports fell 0.7-1.4 percent. 
We had told clearly in our 2 December article that the recession move will continue from the high until nifty does not cross 8277 accordingly; it did not cross the level and showed below level 7950 since selling from 8240 then achieved our mentioned target respectively 8090,8011 and 7959 on the other hands; we had mentioned depression recommendation around 8180 and 8238 so that; the traders who have made trade accordign us they can take profit from the current price. Our all target achieved easily. 2nd december article web link -- http://in.investing.com/analysis/nifty-50:-8238-and-8277-below-bearish-trend-continue-200167682
There is three peaks and domed house pattern is becoming in nifty on technical chart which shows downturn move will be stay from the high below near resistance 8283 and 8337 in nifty. It is likely to found above level 8337 in very short term after crossing 8283 with the strong volume and giving close on which. The IC red cloud of sales pro move is opening below 8077 the level will work as the near support. The depression can be found growing ahead with below target 7881 after breaking 8077 and being close below it. We are looking by analysis Darvas Box that nifty will show 384 points of movement from the one crucial level, the accurate Jackpot recommendation will provide to our members soon. Keep in mind 18641 as the crucial resistance for bank nifty. Short to medium term traders should make breakout oriented trade with strict stop loss and in view of the particular global market trend & currency movement.Short term traders sell nifty around 8077 for target 7881.