Market Outlook for Budget Week

Posted By : Kishore B.S

Points to keep in mind this week, Parliament session will be began from today. Many important bill like Insurance Bill, Land Acquisition Bill etc are pending for approval. These week is important for the market. Thursday will be announced Rail budget, Friday for Economy Survey and Saturday will Budget. Thursday will be derivative expiry. Market will be open on Saturday on account of Budget. It is

MARKET OUTLOOK 8-09-2014

Posted By : Kishore B.S

Hi, We can expect Indian Markets to open on Positive note today, even though markets closed in negative last week we could see that US Markets moved higher and closed positive and thats a good sign. Few of the stocks to look at today are United Spirits and Maruti Suzuki. Nifty for short term seems to be positive but the same is range bound with support

MARKET OUTLOOK 28-08-2014

Posted By : Kishore B.S

Hi Friends, Expect the markets to open on a flat note, SGX Nifty showed flat 12 points positive. Today being the expiry day,  we can expect to see lots of volatility in market. Nifty is holding 7900+ backed majorly by Banks, IT  and Pharma. If Nifty has to go up, the Bank Nifty has to support, but we observe that bank Nifty also trading flat from

MARKET OUTLOOK 26-08-2014

Posted By : Kishore B.S

Dear All, Nifty has been showing a oscillating movement, with the 'rising wedge' pattern and is gradually approaching the upper end of it. Multiple highs around 7930 indicates immediate hurdle around the same and upside may remain capped to 8050. However, medium term support exists around 7620 and unless that is breached the index may remain in a consolidation mode. Cheers!! Team SMI    

MARKET OUTLOOK 20-08-2014

Posted By : Kishore B.S

MARKET OUTLOOK 20-08-2014 Expects market to open on a flat note, SGX Nifty shows negative 5 points. Nifty trading flat, if Nifty has to hit 8000+ it has to be supported by Bank Nifty. If not, very difficult to see Nifty trading above 8000+. Stock to watch is Idea. We recommended long back with a target of 180. Recommended price 125. Now it is trading at

MARKET OUTLOOK 19-08-2014

Posted By : Kishore B.S

As we advised in our previous blog wait for Nifty to break the 7840 levels, then think of going long on the market. Nifty did brake the crucial resistance at 7840 and turned bullish. This clearly defines a bullish momentum which can Take Nifty to 8000 levels, however if Nifty breaking 7600 levels buy on every dip. But important to note yesterday’s big rally was not because of

MARKET OUTLOOK 07-08-2014

Posted By : Kishore B.S

Expect the markets to open on a negative note. SGX Nifty showing negative 26points. The technical outlook shows volatile trading in the Nifty, which becomes extremely difficult to predict what will be Nifty closing tomorrow. As we advise in our previous blog, wait till the breaking points either down side or upside, till then closely watch the market and go stock specific and pick up the

MARKET OUTLOOK 05-08-2014

Posted By : Kishore B.S

The Monetary policy is today. Dalal street is expecting yet again RBI is likely to pause today’s policy review. If RBI were to maintain their status quo,the markets are expected to move higher levels, however, if no rates increases, some sell off can be expected in market. Technical outlook shows Nifty looking week. Yesterday’s reclaim to 7700 is not enough to think that markets would turn bullish (short

MARKETOUTLOOK 30-07-2014

Posted By : Kishore B.S

The expiry day selloff in market, all call writers made big money. Most of the traders were expecting Nifty will be flat to positive close but Nifty closed 70 points on downside. Today also expects a gap down open in Nifty, SGX Nifty indicates negative 60 points. Stock recommendation, Investment call buy Ipca lab CMP 700, target 900 and stop loss 630. A sharp correction in

MARKETOUTLOOK 30-07-2014

Posted By : Kishore B.S

Expect market to open on a flat note, SGX Nifty shows a negative 10 points. Nifty is trading in the band of 7630 to 7820 from past few session. Breaking 7820 can take Nifty to 8000+ levels, other side breakout will help the traders and investors to buy Nifty around 6400 or 6300. Our advice to go stock specific, we recently recommended Bajaj-auto for investment pic