Friday, December 19, 2008

Market outlook Dec19, 2008

Good Morning..........!!!!!
Nifty Future Levels : crucial Level at 3032.8
Resistance: 3094 - 3134.6 -3164.7 - 3192.8
supports: 3019 - 3002 - 2978 - 2945

We are expecting correction after volatile and choppy opening session. The index may stay positive for some time in the day trade, but is not expected to withhold the gains .....and will experience a down trend in the later part of the day.
The last trading session saw selling from both the FIIs and the DIIs with the amounts of 33.17 cr and 355.99 cr (prov) respectively, reflecting that the fall in the inflation numbers has helped these palyers to book profits.

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