Market Outlook for 16th December, 2014

Nifty Future:

Break below 8247 will negate the formation of Bullish Crab pattern in 30 minutes time frame  and consequently Nifty could drift towards 8200 – 8150

Stock Future:

Short PNB around 1106 with Stop at 1117. TGT 1093 – 1072

Short TCS below 2365 with Stop at 2381. TGT 2338 – 2308

Good Luck !!

Warning:

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

Securities traded on margin may involve high risk.

Disclaimer:

The information provided herein  is not to be construed as offer to buy or sell securities of any kind.

The author and breakouttechnical.com do not assume any responsibility or liability resulting from use.