Nifty Weekly Market Outlook 14-12-2015 To 18-12-2015

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"STAGE IS SET FOR A BIGGER FALL"
Hourly  Chart           : Bearish.

Daily Chart             : Slightly  Bullish max 7639-7655-7682

Weekly  Chart     : Highly Bearish.

All oscillators(All time frames) are still in the negative territory.  Only daily candle is slightly bullish and   giving some hope of recovery.

Monday's High is very crucial. Do keep a note of it.  I will update the importance  of that level at a later stage. If the market opens gap up or flat and comes near the range  7639-7655-7682 spot levels, then again selling is expected taking it to 7511-7452 levels in this  week. But patience is needed, because at 7452-7434 may be reversal zone for upside till 7779-7782 spot levels.

(When this level comes then update the SL & Target )

If the market give a reversal then go long  till with an expected target of 7779-7782 . Book full profit here and tighten your seat belts because this level is also the Selling Zone , If there is reversal from top then the  "STAGE IS READY FOR A BIGGER FALL"  upto 7380-7022 levels .