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.

RANGE BOUND NIFTY TODAY

As yesterday we have predicted market was range bound in morning session.Today market was opened toward  downside..  Market index hovered in negative zone in morning session..market index saw divergent trend in morning trade. The Sensex was down 36.50 points off 29.01 points from the day's high and up 102.11 points from the day's low. The market breadth, indicating the overall health of the market, turned negative from positive in mid-morning trade.The index was remain floating  in the red. 
TOP GAINERS : BPCL, BHEL, POWERGRID
TOP LOSERS : RELIANCE, ONGC , WIPRO