Market Outlook for 4/4/14

Posted By : Kishore B.S

Expect the market to open on a flat note, The SGX  Nifty was showing 16 points negative. US market declined marginally and Asian market are traded flat.

Next its time for results to start with companies from banking & financial services companies, which are the main to watch for.

Nifty from last 5 trading session closing all-time high, but not able to break the psychological level of 6750 and 6800. Going forward we are expecting some pre-election sell off in the market. So you can expect a dip to levels of 6400, 6200 which Could be a idle time for individuals to invest in the market including the one’s who had missed the rally last month.

Stocks to watch: PVR and Britania

we are positive on those stocks. Buy the stocks and hold for few months.

 

Cheers  !!

Team SMI

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