This is an idea I am publishing from Jan Nifty point of view as this will become new rollover contracts after 4 trading sessions
Reason on below idea:
Underlying base is shifting downwards due to available room for more Options dilution in derivatives
Market is fertile to give these levels (7785 -7737 in ) any time on/after 02Jan2017
STOP trigger for these levels is to close Jan Nifty above 8092 after 02Jan2017
After these levels are taken out then
Be ready to see Nifty Jan by 06Jan2017 at around 7611 levels
So at these point one can initiate Long in underlying.