SMI –24th September 2013 – Market View

Posted By : Kishore B.S

Hi Friends,

Nifty has again fallen in the trading range of 5800 – 5940. As said earlier, there are no major news flow to trigger any kind of rally in the market. So, Nifty movement is going to be purely technical.

The global cues are flat to negative. The same will be reflected in the Indian markets over this week.

As of now the market looks a sell on rise market. On Thursday we have expiry. So, a bit of volatility can not be ruled out. It will be best to trade in October contracts to counter this volatility. The best trade would be to short the market in 5950 levels.

Cheers!!

Team SMI

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