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Tuesday, December 8, 2009

Itraday market outlook for 8 December

On 8 December, Nifty fut have support at 5044, if bears manage to breack below this level then we will see more lower levels of 5020-4995-4975. Any close below 4975 level, will create panic selling among traders and canmake markets to slide sharply. On lower side till Nifty is trading above 4900 level, bulls will try to gain strength to come up again in markets. However, if bulls cross above 5080 level on upside, then higher levels of 5098-5126-5148. Traders must keep a watch on 5080 level on upside for any further long position.

We recommend all traders to keep a watch on range 5040-5080, on nifty fut. Breakover of this range on either side will lead to sharp movement.



Nifty Levels
Resistance - 5080-5098-5126-5148
Support - 5044-5020-4995-4975
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Intraday Calls
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Posted by Rulers!! at Tuesday, December 08, 2009

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