Due to technical glitch, we have not been able to publish your copy of
Daily Market Trend Guide in regular PDF Format.However, we are
reproducing the same in as a brief forecast. Inconvenience caused is
sincerely regretted.
The
analysis for today would again remain similar that of previous days.
The markets are expected to open flat to mildly positive and look for
directions. In absence of any triggers, it is likely to continue with
its either corrective or directionless movement. The levels have 5950
will continue to act as immediate top and on the downside the levels of
5815 and 5770 are immediate supports.
The RSI is 60.0162 and is neutral with no divergences on either side or failure swings. In view of this, while protecting profits on either side very selective purchases may be made. No aggressive stance on either side is advised. While remaining very stock specific, cautious outlook is again advised for today.
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BRIEF MARKET FORECAST FOR THE
DAY
The RSI is 60.0162 and is neutral with no divergences on either side or failure swings. In view of this, while protecting profits on either side very selective purchases may be made. No aggressive stance on either side is advised. While remaining very stock specific, cautious outlook is again advised for today.
Milan Vaishnav,
Consulting Technical Analyst,
+91-98250-16331
