MARKET OUTLOOK ON 6th January

Posted By : Kishore B.S

MARKET OUTLOOK ON 6th January

Expect the market to open negative on global cues. Asian markets are down by 1% – 2%. The SGX Nifty also indicates a flat to negative open. The technical outlook for Nifty looks bearish it is breaking all its supports so one can go short on Nifty keeping a stop loss of 6240 and the target is 6070.

Stocks to watch INFY whose quarterly result will be announced this week.

All the OMC’s companies because of hike in diesel price at 0.50/ltr and petrol price at 0.75/ltr.

Cheers  !!

Team SMI

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