SMI – Market Outlook – 25th October

Posted By : Kishore B.S

Hi Friends !!!!

On tuesday our Indices yet again remained resilient inspite of the mixed Global cues indicating both the sides of the spectrum towards the positive and negative zone. Also the fact that tuesday session was the last day of the trading before the Expiry today and yesterday being a holiday and tomorrow too being holiday the sentiments weighed on the markets.
Today being the expiry of the curent month series the volatility is expected to remain high with more chances of the positive spectrum and to some extent a flatish note.
The technical charts are indicating that clearly buy above the 5730-5750 mark or wait on dips to reenter the markets, also pinpointing the fact that the expiry today would not be right way to enter and it would be ideal to watch the direction of the market course today.  

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

Cheers!!

Team SMI

www.stockmarketinstitute.org

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