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Thursday, December 23, 2010

Intraday market outlook for 23December

Our market outlook for today is same as what we provided yesterday. Yesterday you all must have watched Nifty fut trading in range 5980-6035 for whole day...with a flashing high of 6043 & low 5976. As we said yesterday also, Trend deciding level for Nifty fut is 6035....its a major hurdle for bulls. If nifty fut sustain above 6035 for 5-10minutes then next target 6072-6124. Not crossing 6035 & breaking 5980, then next tgt-5955-5920. Trade lightly, and don’t hold any position for more then a day or two would be our suggestion for now. We’ve all seen this market crawl higher day by day , defying gravity as the monopoly money keeps coming in and saving the day, time and time again. As we are continuosly saying that these markets are now a days highly manipulative, and now once again warning that in coming time we can witness a sharp deceptive movement in markets. So, you all must include a little bit of everything in your quest to survive in this controlled and manipulated game of stock market. Our expected Nifty fut range, market direction, major resistance & support levels and more updated by us, For Detailed Market Information, CLICK HERE.
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