Market Outlook :
(17 Dec )
US market 337 points
Asian market Flat
SGX NIFTY 20 points Down
Trend on SGXNIFTY indicates a Flat Opening for index.
Market view :
Market would open Flat.
Technically, Market is still in the positive zone.
Yesterday market crossed and closed above 13600.Its entered in very bullish zone but Market is over-stretched and traders should remain cautious at this point of time as some consolidation may be seen but overall, the market would be considered bullish until it holds 13440 for Nifty and 30330 for BankNifty.
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
13710-13765
Today's support
13660-13590
Bank nifty levels
Today's resistance
30900-31200
Today's support
30350-29800
Market outlook view is just for educational purpose.
By: via @AlliesFin Serve Stock Market
