Market Outlook for 3rd March 2014

Posted By : Kishore B.S

Dear All, Last month was a profitable month for the Bulls, Nifty and Bank Nifty rallied more than 3%. Looking forward Nifty trading near 6300, breaking 6320 resistance will take Nifty To 6400 and 6450. But the concern for the market is from the banking and financials. The Bank Nifty Trading below its 200 day moving average. Without the support of banking financials it is difficult

MARKET OUTLOOK ON 13th January 2014

Posted By : Kishore B.S

Expect the market to open on positive note on account of global cues. Ministry of petroleum has finally notified the domestic natural gas pricing guidelines for 2014. Which is a positive news for the oil marketing companies like Reliance, ONGC etc. In today’s trade if Nifty is able to close above 6230, the short recommended in last week should be closed, i.e. Nifty as well as

MARKET OUTLOOK 10TH JAN 2013

Posted By : Kishore B.S

MARKET OUTLOOK 10TH JAN 2013 The market to open on higher side due to the strong result from the IT Company Infosys. But IT stocks have already moved a lot from past 2 month, by outperforming the Nifty index. Hence we will have to wait and watch how the result impacts the markets. Although Nifty going down day by marginally. We think it will reach 6000

MARKET OUTLOOK ON 9th January

Posted By : Kishore B.S

MARKET OUTLOOK ON 9th January Today SGX Nifty indicates a flat open for the market. Going forward the important events to watch out tomorrow are the INFY results and also monthly IIP and trade data which will influence the market. The market has now become very choppy although the sign in the market is bearish but we are not getting the straight down fall so one

THE MARKET OUTLOOK ON 7TH January

Posted By : Kishore B.S

THE MARKET OUTLOOK ON 7TH January The market in yesterday’s trading yet again closed below 6200, near its support. We still recommended to go short on Nifty closing below 6190. But if Nifty breaks the 6230 and closes above that, it will create positive sentiments and that will be our stop loss on upside. Today SGX Nifty indicates a flat open. Stocks to watch are the

MARKET OUTLOOK ON 6th January

Posted By : Kishore B.S

MARKET OUTLOOK ON 6th January Expect the market to open negative on global cues. Asian markets are down by 1% - 2%. The SGX Nifty also indicates a flat to negative open. The technical outlook for Nifty looks bearish it is breaking all its supports so one can go short on Nifty keeping a stop loss of 6240 and the target is 6070. Stocks to watch

Market Outlook 27th Dec 2013

Posted By : Kishore B.S

Hi friends, Nifty continues to trade above 6270, but failed to close above 6300 levels. Yesterday was another day of consolidation, where nifty traded in range of 30 points and finally closed 0.2% on the positive side. But Nifty should hold 6240 level for an up move towards 6350 and all time high 6400. Bank nifty is looking very positive, giving a clear breakout around 11350

Market Outlook 26th Dec 2013

Posted By : Kishore B.S

Hi friends, From the past 10 days, it was a roller coaster ride for stock market traders/investors as fed did the taper and RBI kept rates unchanged. Both events took the market participants by surprise. The market may remain volatile and may trade in range today because of expiry day. The trend in Nifty is up so one who is holding a position can continue to

Market Outlook 24th Dec 2013

Posted By : Kishore B.S

Market Outlook 24th Dec 2013 Nifty has been trading flat since morning, not giving a clear direction. In yesterday’s trade, the last one hour saw Nifty losing the gains since morning. The way market is behaving we think that the 6400 levels will act as very strong resistance for the market. Unless Nifty breaks those levels no new long position is recommended. On Monday we recommended

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