Market View 2nd May

Posted By : Kishore B.S

Hi Friends !!!

The markets rallied up on Monday and closed on a positive note. And with this the indices have maintained to remain on the positive note for two consecutive trading sessions. Technically it can be assum

ed that this could be the beginning of some upward momentum which would be further confirmed if the Indices manage to close above the 5408 mark.
Though indices have remained largely range bound during the last month yet the positive cues emanating from the Global markets and clarifications emerging from the Political front with regard to the Economic growth and Fiscal policies could coupled with Normal Monsoon could add to the rally which needs to be watched out.
For the current trading session the levels of 5288 on the higher side and 5220 on the lower side would be pivotal points that needs some attention to be watched with caution.

(Inputs Mr. Hemanth .V, Faculty TA, Stock Market Institute, Bangalore)


Team SMI

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