Friday, May 9, 2014

Daily Market Trend Guide -- Friday, May 09, 2014

We have not been able to come out with regular edition of Daily Market Trend Guide in regular PDF Format. Market forecast in brief has been given below.Inconvenience caused is sincerely regretted.
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BRIEF MARKET FORECAST FOR THE DAY


The Markets spent a listless session yesterday but ended the day with minor gains. Today, expect the Markets to open on a flat note and continue to correct. As it has been happening, possibility of intermittent pullbacks cannot be ruled out but the Markets are likely to continue with their correction and may test its 50-DMA levels.


Overall, we reiterate to continue with the policy of maintaining moderate exposures. While over exposures and shorts should be avoided, very selective purchases may be continued to  be made. Overall, moderate exposures with cautious outlook is advised for today.


Milan Vaishnav,
Consulting Technical Analyst,
+91-98250-16331

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