SMI – 5th December Market Outlook

Posted By : Kishore B.S

Expect market to open on a positive note on account of positive domestic cues. Most of the exit polls were indicating that BJP winning more than 50% of the seats in all the 4 critical states. However the final outcome of assembly result will be on 8th December. US markets closed flat and most of the Asian markets are in the red on expectation that the US Fed could now announce it is pulling back on stimulus at the conclusion of its next meeting.

As we recommended to go long on Nifty at 6100 level and bank Nifty at 11250 levels. We advise to book profit and wait patiently till Nifty breaks it’s all time high and sustain their, we will think of taking new position.

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