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Stock Market people learn nothing and forget everything.!
The market is weird. Every time one guy sells, another one buys, and they both think they're smart.

Wednesday, December 16, 2009

Market Outlook For 17 Dec

Hi All..

On 16 Dec the market closed at 5055 and later corrected to the 5,042.05.
It was quite a volatile day of trading . Lots of ups and down. Seems like tug of war going between Bulls and Bears.

The market got support near 5000 level . LOD 5005. And bounced back. Bank nifty also got the support at its days low. Since the Banks got some support the Nifty also got the support as banks were the reason for the major drag of nifty as rest other indices specially IT was doing excellent.

Most of the analyst saying to go short on the market. But i have a contrarian view and decided to go long on Nifty.

With the reference of www.rediff.com

These are the suggestion given by different analyst

(
3:29 PM - Maintain Nifty short with a target of 4972 and stop loss of 5080, says Rahul Mohindar, technical analyst, on CNBC Awaaz, as closing market strategy. » Send to friends

3:27 PM - Buy 5000 put Nifty futures with a target of Rs 132 and stop loss of Rs 57, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy. » Send to friends

3:16 PM - Sell Nifty futures with a target of 4950 and stop loss of 5075, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy. » Send to friends

3:00 PM - In an F&O call, sell Nifty December futures with a target of 4900-4800 and stop loss of 5100, says Rohit Srivastava, technical analyst, on CNBC Awaaz. » Send to friends

2:55 PM - In an F&O call, sell Nifty December futures with a target of 5000 and stop loss of 5125, says Prakash Gaba, technical analyst, on CNBC Awaaz. » Send to friends

2:51 PM - In an F&O call, sell Nifty December futures with a target of 4990 and stop loss of 5060, says Parsh Zaveri, technical analyst, on CNBC Awaaz. » Send to friends

2:45 PM - In an F&O call, sell Nifty December futures with a target of 4960-4970 and stop loss of 5110, says JK Doshi, technical analyst, on CNBC Awaaz. » Send to friends

2:40 PM - In an F&O call, sell Nifty December futures with a target of 4950-4870 and stop loss of 5075, says Husseini Wadharia, technical analyst, on CNBC Awaaz. » Send to friends

)


Let see tomorrow. How the market opens . My view says market will be gap up.

Till then wait and watch....

Now going for dinner bye...
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Disclaimer

The information provided is not to be considered as a recommendation to buy certain stocks and is provided solely as an information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. Here in this blog I am giving my views on the Market. No representation or implication is being made that using my blog will provide information that guarantees profits or ensures freedom from losses.