Friday, December 12, 2014

Daily Market Trend Guide -- Friday, December 12, 2014

We have not been able to come out with regular edition of Daily Market Trend Guide in PDF Format. However, Market Forecast for the  Day is reproduced below in brief. Inconvenience caused is sincerely regretted.

BRIEF MARKET FORECAST FOR THE DAY



Once, today's analysis continue to remain on similar lines. The Markets are likely to open on a modestly positive note and look for directions. There are possibilities of a technical pullback on Daily Charts. If not, the Markets are likely to see range movement and no major downside is expected. The levels of 8340 and 8375 would act as immediate resistance an the levels of 50-DMA would act as support at Close.

Overall, some selective  purchases, especially in defensive stocks and IT can be made. However, over exposure should still be avoided. Positive caution is advised for today.


Milan Vaishnav,
Consulting Technical Analyst,
Af. Member: Market Technicians Association (MTA), USA
Af. Member:
Association of Technical Market Analysts, INDIA


www.MyMoneyPlant.co.in
+91-98250-16331

 

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