BRIEF MARKET FORECAST FOR TODAY

After near the high point of the day after the sharp recovery, expect the Markets to open today again on flat to mildly negative note and look for directions. There are again signs that the Markets shall continue to consolidate with selective out performance. The levels of 6080 and 6100 shall continue to act as resistance and the levels of 6010 and 5950 shall act as immediate supports for the Markets.

All and all, the markets are likely to  continue to trade in a broad range with some amount of volatility ingrained in it. We continue reiterate our advice to remain light on positions and take new positions very selectively but at the same time avoid shorts as the undercurrent remains intact. Overall, cautious outlook is advised for today.
 
Milan Vaishnav,
Consulting Technical Analyst,
+91-98250-16331