23 December 2014

NIFTY OUTLOOK FOR 24-DEC -2014

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The market has ended lower ahead of December F&O expiry day. The Nifty was down 57 points at 8267.00. The Sensex slipped 195 points at 27506.  Nifty opened at 8324 made a high of 8364 and low of 8252 and closed at 8267, total 112 points was moved by nifty throughout the day.
Tomorrow will be the expiry of December series. Some recovery we are expecting the market. Nifty will try to come back its comfort zone of 8300 once if this level will achieved then 8330-8365 will be the next target for nifty and 8400 will act as higher resistance level for nifty. If any downfall will take place then 8200 will act as a supporting level for nifty.
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RESISTANCE: 8280, 8320, 8360
SUPPORT:  8240, 8200, 8180

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