20 November 2014

NIFTY OUTLOOK FOR FRIDAY 21 NOVEMBER,2014

Lackluster movement was there in the market throughout the day, but at the time of closing Nifty reclaimed the 8400 level by rising 19 points and closed at 8401. The nifty shuttled between 8353 and 8410 levels. It had shed 48 points in the previous two sessions. Today Nifty opened at 8406 made a high of 8410 and low of 8353, total 57 points was moved by nifty throughout the day.
Nifty closed on a bullish note at 8401 level. So tomorrow we are expecting that bulls will come back to action and will try to cross the hurdles 8430-8455 if this levels will crossed then 8500 level will be next to watch. On downside at 8356-8336 will act as supporting level for nifty. The trend is in bull side but be alert and on upside resistance are at 8439 and 8455 level and on downside be very alert below 8335.
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RESISTANCE: 8400, 8450, 8500
SUPPORT:  8350, 8300, 8250

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