SMI –26th April 2013 – Market View

Posted By : Kishore B.S

Hi friends,

The expiry yesterday was marred with lot of volatility but on the positive side where the Indices finally managed to crossover the 5900 mark  but failed to reach over to the 5930 mark which is the level to watchout for the time being.

After the expiry of the FNO series yesterday the Indices are technically indicating that they are on the verge of some profit booking sooner or later and for that it would be best to watchout for the levels of the 5880 on the lower side and 5940 on the higher side based on which direction of the markets would be clear until then it would be best to remain on sidelines and watch for the consolidation.

(Inputs: Basket option Research bureau – Bangalore)

Cheers!!

Team SMI

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