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Thursday, 18 December 2014

Nifty analysis for 18 december 2014 and Nifty forecast for 19 december 2014 - dec 2014 series - 18 dec 2014



Nifty closed at 8159 against projected 8149


Cash market interpretation

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


Derivative market interpretation(fii only)


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

Nifty future interpretation


Nifty future : Bullish
BankNifty future : Bullish

Nifty range ( based on Derivatives )

Dec 2014 : 8100 - 8225

Chart interpretation

Bullish

Nifty forecast for 19 Dec 2014

Nifty is likely to trade with bullish bias. Empirical target : 8208.

Advice for day traders

Buy the dip.

Note : Next week we will start building our Jan 2015 series option portfolio.

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