MARKET OUTLOOK ON 9th January

Posted By : Kishore B.S

MARKET OUTLOOK ON 9th January

Today SGX Nifty indicates a flat open for the market. Going forward the important events to watch out tomorrow are the INFY results and also monthly IIP and trade data which will influence the market.

The market has now become very choppy although the sign in the market is bearish but we are not getting the straight down fall so one who takes an intraday trade he will be wondering about the Nifty intraday volatility. But as a position trade still on short side keeping a stop loss of 6220 and target on the down side is 6080.

 

Cheers  !!

Team SMI

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