Market Outlook 26th Dec 2013

Posted By : Kishore B.S

Hi friends,

From the past 10 days, it was a roller coaster ride for stock market traders/investors as fed did the taper and RBI kept rates unchanged. Both events took the market participants by surprise. The market may remain volatile and may trade in range today because of expiry day.

The trend in Nifty is up so one who is holding a position can continue to do so keeping a final stop loss of 6200.

Today is an expiry day and one can expect lots of volatility. An intraday sharp decline can be used as an opportunity to go long on Nifty rather than going short till the day’s closing.

Cheers  !!

Team SMI

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