Market outlook 21-07-2104

Posted By : Kishore B.S

Expect the market to open on positive note. SGX Nifty indicates a positive 30 points up. The rebound from 7440 levels shows a strong support for Nifty. Resistance can be seen at 7800 levels.

Going stock specific is still a good idea instead of tracking Nifty.

The current month and coming month, many companies’ 1st quarter results will be announced. In this bull market any bad result from the leading companies could be seen as an opportunity to buy a stocks on small dips.

 

Cheers!!
Team SMI

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