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Monday, 22 December 2014

Nifty analysis for 22 december 2014 and Nifty forecast for 23 december 2014 - dec 2014 series - 22 dec 2014



 Nifty closed at 8324 against projected 8320 

Cash market interpretation

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

Derivative market interpretation(fii only)

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

Nifty future interpretation

Nifty future : Bullish
BankNifty future : Bullish

Predicted Nifty range 

Dec 2014 : 8300 - 8375
Jan 2014 : 8100 - 8300 - 8500

Chart interpretation

Bullish

Nifty forecast for 23 Dec 2014

Nifty is likely to trade with bullish bias. Empirical target : 8447.

Advice for day traders

Sell any gap up.

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