SMI – 11th December Market Outlook

Posted By : Kishore B.S

Nifty is trading at an all-time high. We had advised to book profits which worked well. Nifty looks volatile for the next few days. Unless markets gives a clear trend (either up or down) we recommend not to trade in Nifty as well as Bank Nifty. But the support level for Nifty comes at 6220, which can be taken as a stop loss for those who are still long on Nifty.

We recommend trading in specific stocks at this point. All IT stocks have rallied up in yesterday’s trade. Stock to watch today is TCS. Buy TCS with a stop loss of 2030 and target of 2100 and 2120.

Cheers  !!

Team SMI

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