THE MARKET OUTLOOK 02-05-2014

Posted By : Kishore B.S

THE MARKET OUTLOOK 02-05-2014

Expect the market to open on a positive note, on account of global cues.

Technically, the market looks week, as we recommended to accumulate on every dip, buy only those stocks which as very good fundamental history.

May is normally the month of sell offs for the past few years, however this time due to general election, the sell and go out from market strategy may not work. Traders and Investors are expecting NDA to get nearly 240 – 260 seats in general election if that happens we can see Nifty trading near 7200 – 7500, if the pools results reverses then we can see sell off in the market.

This week we do not have any FIIS inflows coming in. Next week can be the crucial week. First half of the week we expect sell off in the market, Nifty may correct to 6600 or 6500, if it happens start buying index.

 

Cheers  !!

Team SMI

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