Market View 30th April

Posted By : Kishore B.S

Hi Friends !!!!

The markets have largely remained range bound for the last 3 sessions with the indices trading in very narrow range between 5230-5170 zone and with the Positive closure during the special trading sessio

n on Saturday it has hinted that the wait for the breakout could be finally over and we could see the much desired hint or cue of the future course in today or tomorrow’s trading session.
The charts also hint regarding the same that the indices might trudge up or rally for the next session and if the rally sustains above the 5290-5320 mark then we would be back in the bull rally again with targets of 5430-5560-5600 levels.
On the lighter side a successful break below 5140 could trigger the stoplosses leading the downward rally to 5060-5000 levels.

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


Team SMI

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