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December expiry for Nifty to be around 10,900, says Yogesh Radke of Edelweiss Securities

The December expiry for Nifty is likely to be around 10,900, said Yogesh Radke, head of quantitative research, Edelweiss Securities, adding that the index is likely to be positive in January.
“There has been historical evidence whenever the December month for Nifty has been negative, it was followed by January positive by average returns of 5-6 percent,” he said.
According to him, the NBFCs would remain volatile during the expiry but the house remains positive on the space.
Stock specific, he said private banks are expected to continue with the good momentum in the January series as well. Names like ICICI Bank, Kotak Mahindra Bank could be on positive bias for the next series.
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