Posted By : Kishore B.S

MARKET OUTLOOK  29-04-2014

Expect the market to open on a negative note with SGX Nifty indicating one percent down.

Nifty technical outlook is looking bearish breaking its important support of 6740 .If it breaks target on Nifty  the down side will be 6660. From past five trading sessions Bank Nifty is trading flat, capital goods negative, with IT and FMCG dragging Nifty. Going forward small correction can be seen in Nifty .Go short on NIFTY keeping 6800 as stop loss. Target 6660 and 6600.




Cheers  !!

Team SMI

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