MARKET OUTLOOK ON 16th January

Posted By : Kishore B.S

MARKET OUTLOOK ON 16th January

Today is another day of positive open in market because of the positive close in US market. The WPI inflation number corrected sharply to 6.2% from the 14 month high.

Coming to the technical, Nifty is heading towards its all-time high so going  forward Nifty may become volatile and hence instead Nifty, Bank Nifty is looking good. Breakout above 11140 will be the right time to buy for short term keeping a stop loss of 11000, target is 11250 and 11300

Stocks to watch TCS, Axis bank, LIC housing will announce its results

Cheers  !!

Team SMI

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