MARKET OUTLOOK ON 23rd January

Posted By : Kishore B.S

MARKET OUTLOOK ON 23rd January

From past few trading sessions, the market is neither opening flat nor negative. The market, during the trading sessions moves in the band of 30 points and is closing flat or positive by a few points.  The current market scenario will suit an intraday trader.

It is important to note that market is trying to break its important resistance at 6380 and 6400 which may lead by Banks. Bank Nifty trading above 11200 it is a good sign a strong breakout above 11250 would take Bank Nifty to 11400 or 11500. And nifty to 6500 levels.

Stocks to watch out Cairn India, Dish TV results to watch out today.

 

Cheers  !!

Team SMI

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