Jio launch and it’s post effects.

Posted By : Team SMI

When Mukesh Ambani launched Reliance Jio Infocomm Ltd at 42nd annual general meeting on September 5th   . Under free welcome offer, user gets to access internet, voice and all Jio offers for free even  Ambani termed it as the largest introductory offer anywhere in the world. Indian telecom sector entered into new era. But during all these events BSE Telecom Index was down by 2.6% .

Market Outlook for 4/4/14

Posted By : Kishore B.S

Expect the market to open on a flat note, The SGX  Nifty was showing 16 points negative. US market declined marginally and Asian market are traded flat. Next its time for results to start with companies from banking & financial services companies, which are the main to watch for. Nifty from last 5 trading session closing all-time high, but not able to break the psychological level


Posted By : Kishore B.S

THE MARKET OUTLOOK 02/04/2014 Expect market to open on a positive note led by positive set of cues from global markets. Both US and European markets ended on a positive note. RBI kept the policy rates unchanged but increased GDP forecast, which augurs well for the market. In Auto sales data, Hero Moto, M&M, TVS Motors and Eicher Motors reported better than estimates sales numbers. Cheers


Posted By : Kishore B.S

THE MARKET OUTLOOK 27-03-2014 Expect the market to open on a flat note. US market fell half percent followed by Asian market down by half to one percent. Today is an expiry day expecting intraday volatility to be high? The capital goods sector is the sector which was performing from last 2 months, although it moved more than 30% it further has a potential to give


Posted By : Kishore B.S

Dear All, Expect the market to open on negative, due to the global cues. US market fell near 1%, and Asian markets are down by half to one percent. SGX Nifty is Showing a negative 24 points. IT stocks are the heroes when hit all tile in the month of Jan, now the stocks have corrected more than 10%. Going forward wait for this week closing


Posted By : Kishore B.S

THE MARKET OUTLOOK 19-03-2014 Nifty and Bank Nifty are trading in narrow band, not giving a sign of either breaking up side or down side. So wait for the breakout and buy. If Nifty breaks 6620 go long on Nifty, Bank Nifty breaks 12400 go long. We had given buy call on ITC at 320 levels, now ITC is at 360 so more than 12% in

Market outlook 12-03-2014

Posted By : Kishore B.S

Market outlook 12-03-2014 Two days of consolidation, Nifty is giving a sign of some correction. As we recommended to create a hedging position is working well. The Nifty to all time high was supported by Banking and financial, capital goods, now both sectors started correcting. The Bank Nifty on daily chart created an evening star pattern which is bearish therefore going forward we can see some


Posted By : Kishore B.S

Out both the targets which we had predicted are achieved infact Nifty even broke the 6500 levels and is now trading at all-time high. Which is supported by Bank index, Infra and capital goods. Going forward the rally may sustain. But the IT and Pharma index are the spoil sport. It is advised to carry the hedged position till expiry, and go long in Nifty and


Posted By : Kishore B.S

MARKET OUTLOOK 4-03-2014 Expect the market to open negative on account of global cues. US market fell by 1% on geo political tension between Russia and Ukraine. The SGX Nifty showing a negative 10 points. The correction in yesterday’s market is giving sign that Nifty may correct to 6000 again. Because whenever Nifty touches 6300 it faces resistance and trades towards 6000 therefore it is better

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