Market Outlook :
(18 Dec )
US market 148 points
Asian market Flat
SGX NIFTY 30 points Up
Trend on SGXNIFTY indicates a Positive Opening for index.
Market view :
Market would open Positive.
Technically, Market is still in the positive zone.
As we mentioned nifty is in super bullish zone above 13600 and day by day its going making new highs in the market.
Mass are waiting for correction.But don't wait for it just trade it with specified stoploss.when market will come down u will face some fix loss as a stoploss. This way you will not miss this rally.
Any intra day dips in the market will be good opportunity to buy until it breaks reversal levels.
Market would see reversal and enter into the negative zone only if it closes below 13440 for Nifty and 30330 for Bank Nifty but until then traders should continue to hold long positions in the market.
Intraday level can help to take a trade in intra day set up.
Nifty : Bullish
Banknifty : Bullish
Nifty levels
Today's resistance
13795-13842
Today's support
13680-13620
Bank nifty levels
Today's resistance
31000-31200
Today's support
30620-30300
Market outlook view is just for educational purpose.
By: via @AlliesFin Serve Stock Market
