15 December 2014

NIFTY OUTLOOK FOR TOMORROW 16-DEC-2014

Nifty dipped below the crucial 8,200-mark to touch a low of 8152 in early trade. Later it settled down by 4 points at 8219.Nifty opened at 8160. It touched a high of 8242 and a low of 8152 in trade today.
As of today, the critical levels are 8198 - 8181 on the downside and 8226 – 8237 on the upside. If the index were to side below 8181 and stay there then we might be headed for a test of Nifty levels of 8141. In all likelihood, the Nifty is going to test levels around 8080. Any breakdown of this level would mean major weakness going forward. 

For tomorrow some recovery we are expecting in the market. Nifty will try to cross 8230 level once if this hurdles will cross 8250-8270 will be next targets for nifty 8300 will act as a highest resistance level for tomorrow while 8180 will act as a supporting level for nifty. 
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RESISTANCE: 8250, 8300, 8350
SUPPORT:  8200, 8150, 8100

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