MARKET OUTLOOK 19-06-2014

Posted By : Kishore B.S

Expect the market to open on a positive note, SGX Nifty shows a 30 point positive.

The Fed on Wednesday pushed ahead with its plans to wind down its quantitative easing, reducing its monthly asset purchases from USD 45 billion to USD 35 billion beginning in July – something that was widely expected.

As we are going near to budget the markets are becoming too volatile with a day of huge buying another day of huge selling. It is becoming very difficult for traders as to which way they have to trade but on the other side FII and Fund houses are buying on every dip.

Our advice to go stock specific and create a portfolio before budget, next week is very crucial for market if some dip before budget then that could be next week, therefore next week can be an idle time to pick for your portfolio before budget.

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