MARKET OUTLOOK 19-08-2014

Posted By : Kishore B.S

As we advised in our previous blog wait for Nifty to break the 7840 levels, then think of going long on the market. Nifty did brake the crucial resistance at 7840 and turned bullish. This clearly defines a bullish momentum which can Take Nifty to 8000 levels, however if Nifty breaking 7600 levels buy on every dip.

But important to note yesterday’s big rally was not because of the FIIS in flow. The DIIS made big inflows in the market with more than 500+ cores. DIIS turned positive and will be net buyers in this bullish market. 

THE BULLSTREET.

Cheers!!
Team SMI

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