Market Outlook For 3rd-Week-December

On Friday (12/12/14) Nifty closed at 8224. The markets have corrected around 400 points from the previous week high. The markets were awaiting for a correction. These timely corrections are required for the market as these correction gives the market more potential to touch new highs. From current levels Nifty may further fall to levels of 8180-8150. If the global sentiment remains weak as of now then the markets may further correct to a level of 8080-40, before the next bull run starts. 

As crude prices have started to touch new multi-year lows this is be a big disadvantage to 'Cairn India', The stock has slipped below 250 which was one of the major support and has hit 5 year low. The stock can be sold with a target of 230-25 and a Stop Loss of 250.


                                                                                           -Targets For 15-Dec-2014(Monday) is Posted Below