Market Outlook for 15th December, 2014

Nifty Future:

First support visible around 8250 and followed by 8195 .. Breaking 8173 could face severe  selling pressure on every rise and probably could drift towards 8015.

Stock Future:

Maruti was showing good strength on Last Friday Session and was trading in positive territory, despite broader market was in selling pressure.. Stock can continue to show strength in days ahead as long as 3320 is protected.

Tata Steel has corrected a lot and  nearing  Gann Long term Cycle support level.. If  manages to hold around 400 level, then we may witness huge short covering and trend could change for better for the stock.

Trade Well !!

Warning:

There is a high degree of  financial risk in Futures trading..

Securities traded on margin may involve high risk.

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