Posted By : Kishore B.S
MARKET OUTLOOK 22-04-2014
Markets are closing at all time high, however the retail investors are going out of the market. In yesterday’s trading session DIIS sold around 800cr in turn FII bought 600cr worth of stocks.
Technical outlook for Nifty shows that Nifty is closing at all time high supported by Banking , Financials and Capital Goods sector. IT and Pharma sectors are the major draggers.
Most of the large cap stocks are performing well in this pre-election rally, now the FIIs are looking towards good midcap and small cap companies which is bottomed out from the past few years. So it is our advice that who bought midcap and small cap stocks and are still holding, to exit when any rally is seen on those stocks.