Wednesday, April 15, 2015
Brief Market Forecast for the Day -- Wednesday, April 15, 2015
Due to technical glitch, we have not been able to publish Daily Market Trend Guide in regular PDF Format. Brief Market Forecast has been produced herewith. Inconvenience caused is sincerely regretted
BRIEF MARKET FORECAST FOR THE D AY - WEDNESDAY, APRIL 15, 2015
Expect the Markets to see a quiet opening and continue to trade in a capped range in the initial trade with chances of some amount of consolidation at a later stage. The Markets have gained in last seven straight sessions and we cannot rule out consolidation at any levels now even if the overall trend remains bullish.
The levels of 8855 and 8890 will act as immediate resistance. The supports come in at 8790 and 8710 levels. The
Overall the Markets have confirmed their pullback and the overall trend in the Markets remains absolutely intact and bullish. Selective purchases may be made as stock specific sectoral out performance will continue. While maintaining vigil on open positions, cautious optimism is advised for the day.