Market Outlook for 15th January, 2014

Nifty Future:

Oflate, Nifty keeps forming Inside Bar quite often with a small range and on next day Spread getting elongated.  Yesterday was an Inside bar and today it should expand the range to make sense in trading.

For today’s trading unless it crosses 6316, any rise will fizzleout and on lowerside support exist around 6208.

Stock Future:

Today, Banking stocks will  face selling pressure and HDFC, Infy, Reliance could come to the rescue of market for not denting much on downside.

Good Luck and Trade Well !!