MARKET OUTLOOK 27-05-2014

Posted By : Kishore B.S

MARKET OUTLOOK 27-05-2014

Expect market to open on a negative note. SGX Nifty shows a negative 50 points. Technically, markets look highly overbought. It is a time to book profits in stocks, futures and options.

All the index stocks are looking overbought, Banks, Financials, Capital Goods and Oil and Gas. It is wise to wait for a small correction and look to take a position. Till then we recommend to wait and watch.

 

Cheers!!
team SMI

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