Market outlook for the week 21-24December

For the week starting from 21December, Nifty fut will face resistance at 5055 level, if markets manage to cross and sustain above this level then we can see Nifty fut heading towards5090-5135-5190 levels. However, one should remain cautious at higher levels , as major hurdle on upside will be 5190 level, this level will be very crucial for bulls to retain their gains. Failing to cross this level of 5190, bulls might loose energy and bears will attack decisively to tale charge over bulls. Crossover above 5190 will open doors for another 70-100pts rally on nifty fut. On lower side we have support at 4970 level, if this level is breached then markets can show lower levels of 4930-4845-4770. On lower levels 4930 will be crucial level to watch for further market action.

We recommend all tradersto 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. In this week traders muct watch the range 4930-5055, breakout of this range will decide the further movement and will show some sharp movement. All traders must keep booking profits at every rise in markets, till the market is able to hold above the levels of 5190 and on lower sideif the markets breaks & close below 4930 , one must get alerted for all long positions. Failing to break 4930 level on downside, will show new highs in this week. Get ready for a sharp & deceptive moves in markets. A broader range for the markets will be 4845-5190.

Nifty Levels

• Resistance -5055-5090-5135-5190-5265
• Support -4970-4930-4900-4845-4770

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Stocks for the week

• Carol Info
• RNRL
• Shanthi gears
• MRF
• Sun TV
• Goa Carbon
• Balaji Distilleries
• Globus Spirits

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Intraday Calls

For all trades,keep trailing your stoploss once the stock is above the buying price. Dont take delivery of any intraday call. Avoid spike buying.

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