MARKET OUTLOOK 09-06-2014

Posted By : Kishore B.S

Expect Market to open a positive note, SGX Nifty shows a bullish move of 45 points. Last Friday was a block buster rally in Nifty mainly due to the inflow of FIIS who invested about 12000 corers in a day.

Many market participants thought that Friday after expiry some sell off can be seen, however the opposite happened in the market seeing Nifty rally over 100 points.

Now market is set for the pre-budget rally. Nifty trading near 8000 cannot be ruled out.

 

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