24 December 2014

NIFTY OUTLOOK FOR FRIDAY 26-DECEMBER-2014

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A divergent trend was witnessed there in the market today. Nifty fell sharply on Wednesday. Today Nifty slumped 80 points to 8186. Today's session was marked by choppiness due to expiry volatility, with selling pressure intensifying in late trade. Nifty opened at 8272 made a high of 8286 and low of 8155 and closed at 8174. Total 131 points was moved by nifty throughout the day.
Nifty loosed over 300 points during the December series, but we are expecting that the
upward trend is likely to resume soon. On Friday we are expecting some recovery will take place in the market. Bulls will try to take nifty above 8310 level once if this will be achieved then more up trend will be there in the market. For Friday 8345 will act as a highest resistance level while 8145 will act as supporting level for nifty. Tomorrow on Thursday 25 dec 2014 market will be closed on accounts of Christmas.
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RESISTANCE: 8280, 8320, 8360

SUPPORT:  8240, 8200, 8180

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