Due to technical glitch, we are not able to send across your copy of Daily Market Trend Guide in regular PDF Format. Inconvenience caused is sincerely regretted.
Expect the Markets to open on a mildly positive to flat note and continue with its up move at least in the initial trade. The levels of 5950 and 5985 shall continue to act as immediate resistance. The lead indicators continue to remain neutral and F&O data point towards mild mp move given the addition of Open Interest along with the rise pointing towards slow and mild creation of fresh longs.

All and all, Markets are not yet completely out of the weeds. It will have to move past the levels of 5950 and sustain above that to avoid further weakness. Until that happens volatility and range bound trade shall continue. While avoiding shorts, continuation of cautious outlook with mild optimism is advised for today.

Milan Vaishnav,
Consulting Technical Analyst,