Market Outlook for the day 3rd July 2014

Posted By : Kishore B.S

Expect the market to open on a flat note, SGX Nifty showing flat 10 points in positive region. As we recommended once the consolidation gets over we can see Nifty rallying towards 8000. Mainly led by pharma and public sector banks.

Technically Nifty has given a  breakout on continuation pattern on a daily chart, on hitting it the fresh target could be 8000 with a stop loss of 7400.

Cheers!!
Team SMI

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