Market Outlook For 4th-Week-December

On Friday (19/12/14) Nifty closed at 8225. After correcting over 600 points from the highs, fresh buying was seen and Markets managed to close slightly in green(Weekly Basis). Now markets may find resistance around 8280-300 levels. Once if Nifty crosses 8300-8350 level then nifty will head towards new highs or In case if Nifty manages to slip below the level of 8150 then the markets can again correct further to 8040-7930 levels. The Russian crisis is cooled down and US fed has not raised the interest rate. Hence there may be further FII Inflows which is positive for the Indian Markets

Financial Sector Look Very Strong. Even after a 800-1000 point correction in Bank Nifty. It managed to remain well above the 50-Day Moving Average and it managed to recover around 700 points in 2 quick session of trading. Above the level of 18570(Closing Basis), Bank Nifty may try to touch 18750-850 levels.

                                                                                           -Targets For 22-Dec-2014(Monday) is Posted Below