SMI Market Outlook for 20th December 2013

Posted By : Kishore B.S

Dear All, Expect the market to open flat on indication of SGX Nifty. In last trading session IT and Pharma are the one which outperformed where the Nifty traded negative throughout the day. Therefore we are positive on both IT and Pharma. Stock like TCS and Sun pharma are looking good to take a position. The technical view for Nifty and Bank Nifty, shows both the

SMI – 16th December Market Outlook

Posted By : Kishore B.S

Hi All, After 5 days of profit booking we see Nifty closing below its important support of 6200. Now the market is standing in such a situation that if Nifty breaks 6100, taking short position is advised because down side target will be 6000 or 5900. However if it breaks 6250 levels and closes above that, taking long position could be advised. Today SGX Nifty shows

SMI – 11th December Market Outlook

Posted By : Kishore B.S

Nifty is trading at an all-time high. We had advised to book profits which worked well. Nifty looks volatile for the next few days. Unless markets gives a clear trend (either up or down) we recommend not to trade in Nifty as well as Bank Nifty. But the support level for Nifty comes at 6220, which can be taken as a stop loss for those who

SMI –3rd December 2013 – Market View

Posted By : Kishore B.S

Friends, We expect the market to open negative, because the US markets fell marginally, while Asian market are trading flat. SGX Nifty also indicates a negative open. We would still recommend to go long on Nifty and Bank Nifty if you see any small correction in the morning session, keeping a revised stop loss of 6130 and 6080 and a target of 6250 and 6280. Stock

SMI –2nd December 2013 – Market View

Posted By : Kishore B.S

On Friday, Nifty closed at a high point of the day and indicated a bullish trend. This week we anticipate Nifty to continue its bullish move. Therefore as we recommended on Friday, go long on Nifty keeping a revised stop loss of 6110 & 6080 and a target of 6220 and 6250 Further go long on Bank Nifty if it breaks and sustains the 11,230 levels,

SMI –27th November 2013 – Market View

Posted By : Kishore B.S

Hi Friends, Nifty was up by 120 points on Monday, Tuesday it was down by 56 points. The half a % gain already lost. Last week, on Monday nifty was up by 100 points and dragged for the next four days and closed below 6000. It is very important to note that nifty is facing a lot of resistance at 6130 and 6200,Hence it is an

SMI –26th November 2013 – Market View

Posted By : Kishore B.S

Hi Friends, Nifty in yesterday’s trade spiked by more than 2% (100 points) & Bank Nifty by 3.8%.. As recommended yesterday, if Nifty closes above 6100 it would be a good buy. Nifty closed at 6115.35; however neither is the market in a bull trend nor a bear trend. The Nifty intermediate trend is down and hence it is wise to trade in small quantities and

SMI –25th November 2013 – Market View

Posted By : Kishore B.S

Hi Friends, Nifty is trading sideways, neither breaking the 5900 level nor crossing the life time high. In the short run Nifty looks bearish hence as mentioned on Friday, we recommend to stay away from the market. Today the market has opened positive where SGX Nifty is up by 30 points. If Nifty breaks its resistance on 6100 and closes above that, only then can we

SMI –22nd November 2013 – Market View

Posted By : Kishore B.S

Hi Friends, Expect the market open on a flat note after two days of steep fall. US markets yesterday closed on positive note. The RBI came up with a  statement that NPA in banks is deepening. Any guidelines on recovery could have a short term impact on PSU banks. The technicals show bank nifty trading near a 50day moving average, which is the last hope to

SMI –19th November 2013 – Market View

Posted By : Kishore B.S

Hi Friends, The Nifty expected open flat , on the mixed set of global cues US market ended with negative buyers where Asian market are trading mixed . the SGX Nifty indicating a flat open but that will be good because one who missed yesterday rally, if Nifty corrects about 20 or 30 points it will be good time  to enter the market. So today go