Market Outlook Dec 14

Strong pullback seen in the market on Dec 10 supported by good IIP numbers presented the needed momentum .Strong US employment numbers and upbeat economic data from China fuelled the rally in all commodities. We believer market to retain the same momentum on monday . On downside the market should get support at 5690 range in case it breaches one should start building long position at around 5550 level.

Market should open gap up and should face some resistence at 5980 and 6070 levels . One shoudl see the market in the range of 5690 on downside to 5980 on the top side with positive bias. Click on Traders Call for Day Trading recomandations .
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