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Tuesday, 16 December 2014

Nifty analysis for 16 december 2014 and Nifty forecast for 17 december 2014 - dec 2014 series - 16 dec 2014

Cash market interpretation

 ADV : DEC
 Bearish
 TURNOVER
 Bearish
 FII:DII
 Bearish
 CONCLUSION
 Bearish

Derivative market interpretation(fii only)

INDEX FUTURE
STOCK FUTURE
5 DAY 
 Bearish
 Bearish
3 DAY 
 Neutral
 Bearish
1 DAY 
 Neutral
 Bearish
CONCLUSION
 Bearish
 Bearish

Nifty future interpretation

Nifty future : Bullish
BankNifty future : Bearish

Nifty range ( based on Derivatives )

Dec 2014 : 8000 - 8225

Chart interpretation

Bearish

Nifty forecast for 17 Dec 2014

Nifty is likely to trade range-bound with bullish bias.

Advice for day traders

Buy the dip towards 8000.

Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com