MARKET OUTLOOK 28-08-2014

Posted By : Kishore B.S

Hi Friends,
Expect the markets to open on a flat note, SGX Nifty showed flat 12 points positive.
Today being the expiry day,  we can expect to see lots of volatility in market.
Nifty is holding 7900+ backed majorly by Banks, IT  and Pharma. If Nifty has to go up, the Bank Nifty has to support, but we observe that bank Nifty also trading flat from past few days. So we suggest you to wait patiently till you get clear direction from the market to go long or short.

Cheers!!
Team SMI

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