Market Outlook 27th Dec 2013

Posted By : Kishore B.S

Hi friends,

Nifty continues to trade above 6270, but failed to close above 6300 levels. Yesterday was another day of consolidation, where nifty traded in range of 30 points and finally closed 0.2% on the positive side. But Nifty should hold 6240 level for an up move towards 6350 and all time high 6400.

Bank nifty is looking very positive, giving a clear breakout around 11350 levels, supported by the PSU banks. So buy Bank Nifty keeping a stop loss of 11350, target is 11450 and 11500.

DLF we gave call on last week which is achieve the target 175 hence exit.

Cheers  !!

Team SMI

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