BRIEF MARKET FORECAST FOR THE DAY - OCTOBER 25, 2012

Expect the Markets to open on a flat to negative note. The global Markets have been flat but the Indian Markets were closed yesterday on account of Dashera and this may cause a lower and negative opening in the Markets.

With the Markets expected to open negative, the session would  also remain very much dominated with rollover centric activities as we enter the expiry day of current derivative series. This shall keep the Markets volatile, and in a range with downward bias with the levels of 5730 and 5800 acting as resistance.

While intermittent pullbacks cannot be ruled out, overall, cautious approach with downward bias is advised for today.
 
Milan Vaishnav,
Consulting Technical Analyst,
www.MyMoneyPlant.co.in
http://milan-vaishnav.blogspot.com
+91-98250-16331
 
milanvaishnav@mymoneyplant.co.in
milanvaishnav@yahoo.com