NIFTY OUTLOOK FOR 08-DECEMBER-2014

GET TWO DAYS FREE TRIAL JUST FILL UP THE FORM GIVEN TO YOUR RIGHT SIDE >>>>>>>>>

Range bound movement was there in the market today. After a strong opening at 8584 level nifty slipped down below 8550 level. Today nifty made a high of 8588 and low of 8523 and closed at 8558, total 65 points was moved by nifty throughout the day. The index opened gap up and then shot up to test its major resistance zone between 8625 and 8650. However, the Nifty lost its gumption by the time it could barely test the lower boundary of the above-mentioned supply zone. It’s a liquidity driven market; here, before taking a negative view of the market, first ensure that you have seen a real weakness through its initial price action.

HISTORICAL DAY IN NIFTY

NIFTY FUTURE OUTLOOK FOR MONDAY

Friday bonanza in market…Friday proved as a historical day in nifty ...Very surprising market today.. Market Having a great movement all over the day.. After a long waiting Nifty played 228 points throughout the day..Surprise as Sensex showed a sudden and unexpected surge, rallying more than 700 points in trade today, making a new life high of 23,048.. Tracking the momentum in Nifty rallied over 228 points in intraday trade to make its fresh record high of 6,871.. Today nifty future opened 6679 made a high of 6898 low 6670 & closed 6887.election results are going to be held on next weak Friday (16th may)...and  till the election results nifty will managed this levels..

Now for Monday we are expecting market will maintain its new high and will continue the level of  6890..for Monday  next level for nifty will be 6890-6920.if there will be any downfall in the market then the level 6850-6830 will be proved as a very good supporting levels.

As we have predicted in our last post bank nifty had so much movement.and we are expecting that bank nifty will manage this movement in upcoming time till election result. Opened 13,145 made a high of 13,905 and low of 13,077 and closed 13,838..total having movement of  828 points throughout the day.. now new target for bank nifty will be  13,840-13,900..and if any down fall then levels of 13,800-13780 will proved as a great supporter for bank nifty.

RESISTANCE: 6,850, 6,870, 6,890

SUPPORT:  6,830, 6,810, 6,660
More about intraday tips on Google +

KEYS TO TRADE IN NIFTY

v Market may open flat to slightly higher.  Nifty could gain 5 points at the opening bell. 

v The rupee snapped four weeks of losing string and recovered by 44 paise to close at three-week high of 60.16 against the US dollar

v Down jones 45 points up  16,512.

v NIKKIE 27  points down  @ 14,457.

v HENG SENG 45  points down @ 21,888.

v Results today  :  Canara Bank,Emami Ltd., Piramal Enterprises Ltd. , Tube Investments of India Ltd. , Ajanta Pharma Ltd.