Intraday market outlook for 18December

On 18 December, Nity fut will face resistance at 5054 levels, once Nifty fut crosses and sustains above this level, we can see bulls once again gearing up to move forward and take markets to higher levels of 5078-5094-5115. In this upmove one must once again be careful at higher levels, as around previous days high will be a resistane zone and will try to hault down the bulls. And in order to move for a highs in coming days, bulls must have to retain the gains above 5094-5115 levels. However if bulls fail to cross & susain above the resistance level of 5115, we can see bears taking charge over the bulls and drag down the markets. On lower side Nifty fut have support at 5005 level, if this level is breached & sustained then bears will make all possible efforts to take markets to 4988-4970-4945 levels. If bears are able to close the markets consecutively below 4945 level, then everyone must get ready for some sharp downside action in the markets.

We recommend all traders to stay cautious in current market, as trading in this marke without any knowledge/advice of market directions can be a lossing game all in all, so a good advice is the basic need for minting money from this market. We suggest all traders to keep a sharp watch on range 4970-5115, as breakout of this range on eiter side will show some sharp moves in markets. In intraday, on upside 5115 will act as a barrier, so all shorters must keep this level in mind and can use this as a stoploss, on the contrary bulls must keep watch on 4970 level for their positions.




Nifty Levels
Resistance - 5050-5078-5094-5115
Support - 5005-4988-4970-4945

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