SMI – 31st January 2013 – Market View

Posted By : Kishore B.S

Hi friends,

Today is the day of the expiry of the FNO series for the current month, and given the sentiments prevailing for the last few sessions, it seems, that the markets are likely to remain volatile even today.
The charts are indicating that the markets are in no mood to give a directional move for the time being and a much more consolidation time cannot be ruled out, infact if there happens to be some short covering or profit booking today it would have to be ignored and a follow needs to be done during the session tomorrow.

The mantra for today would be to take only swing trading opportunities with quick profit booking and those who wish to make new investments, to wait for time being……   

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

Cheers!!

Team SMI

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