SMI –19th November 2013 – Market View

Posted By : Kishore B.S

Hi Friends,

The Nifty expected open flat , on the mixed set of global cues US market ended with negative buyers where Asian market are trading mixed . the SGX Nifty indicating a flat open but that will be good because one who missed yesterday rally, if Nifty corrects about 20 or 30 points it will be good time  to enter the market.

So today go long on nifty and bank nifty  if any minor correction comes, its good time to take new positions, one who’s holding positions, go long keeping the trailing stop loss of 6200 and final stop loss of 6150.

The stocks to be watched today are Hindalco, which is technically looking very strong, Axis bank and HDFC looking very good.

For investments you can bet on the sectors like FMCG, which is looking very attractive.  All the front line stocks like ITC, HUL can be bought for a time period of 2 to 3 months.

Cheers  !!

Team SMI

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