19 December 2014

NIFTY OUTLOOK FOR MONDAY 22-DEC-2014

"Buy Hindalco Future above 158.20 Tgt 159.20/162 Sl 156.50"
"Sell Rcom below 82.50 Tgt 81.90/80.50 Sl 84.50"
Bulls are back in action..!!!!!  today they were moving in range of 8210-8268 levels, but market movement was completely lackluster due to weekend Friday. Today nifty reclaimed its 8200 mark. The nifty opened at 8230 made a high of 8263 and low of 8208 and closed at 8225 level total 55 points was moved by nifty throughout the day.
For Monday another gap up opening could well be likely! We are likely to see further upward movement in the Monday’s session. However, the range between 8270 and 8350 would emerge as a strong supply zone, and we do not expect it to be crossed at one go. In any case, even if the Nifty manages to reach those levels and close there on Monday would suggest a short term reversal for sure. Thus, not being able to cross the above-mentioned zone would not be that bad since even if we were to close within the zone or near it helps the cause of the bull in that it would signal the end of the current downtrend, and a probable onset of another uptrend. More about intraday tips on Google + 
RESISTANCE: 8280, 8320, 8360 
SUPPORT:  8240, 8200, 8180

3 comments:

  1. Nice article i found, very well described all points for stock market it can be helpful and provide more update on stock market.

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  2. MCX Crude oil last week showed sideways movement found support of psychological level of 3500 and consolidate around it. Now, if it sustain below 3500 then bears may again active and find next support around 3100. If some correction occurs and maintains above 3800 then 4000 will act as major resistance for it.
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  3. Nice posting, thanks for this useful post for all intraday traders. If you want more stock or commodity tips in all segments then CLICK HERE

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