We have not been able to publish Daily Market Trend Guide in regular PDF Format today. Brief Market Forecast for the Daily is reproduced below. Inconvenience caused is sincerely regretted.
------------------------------------------------------------------------------------------------------------------
BRIEF MARKET FORECAST FOR THE DAY
Expect the Markets to open on a flat to mildly positive note and look for directions. Friday's upsurge has been due to sector specific buying and the Markets continues to trade in "extremely overbought" condition.
Given this reading, we continue to reiterate cautious approach in today's session. Overall exposures should be kept moderate and over leverage should be avoided. While maintaining liquidity, continuance of cautious approach is advised for today.
------------------------------------------------------------------------------------------------------------------
BRIEF MARKET FORECAST FOR THE DAY
Expect the Markets to open on a flat to mildly positive note and look for directions. Friday's upsurge has been due to sector specific buying and the Markets continues to trade in "extremely overbought" condition.
Given this reading, we continue to reiterate cautious approach in today's session. Overall exposures should be kept moderate and over leverage should be avoided. While maintaining liquidity, continuance of cautious approach is advised for today.
Milan Vaishnav,
Consulting Technical
Analyst,
+91-98250-16331
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.