SMI – Market View 28th June

Posted By : Kishore B.S

Hi Friends !!!!!

The markets have yet again remain range bound with the indices largely restricted trading between short range of 5120-5160 yesterday and today being the contract expiry day some volatility cannot be ruled out.
The consolidation over the last 15 trading sessions has been indicating clearly that the markets are now waiting for some kind of trigger which could be either positive or negative to further the course of action and with the first Quarter coming to an end and the start of the second week of next month marking the Results season could be the anticipated trigger.
The Earnings to be posted by most of the Companies during the First Quarter of 12-13 and the Guidance to be set by them for the year is likely to provide the impetus of the Economic Outlook for the Index which has been reeling under the Stagflation effect for quite sometime.
As I have been reiterating it would be worth to wait till the range is broken for huge trades and use the current trading range to trade in small quantities.

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

Cheers!!

Team SMI

www.stockmarketinstitute.org

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