Thursday, May 8, 2014

Daily Market Trend Guide -- Thursday, May 08, 2014

We have not been able to come out with regular edition of Daily Market Trend Guide in regular PDF Format. Market forecast in brief has been given below.Inconvenience caused is sincerely regretted.
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BRIEF MARKET FORECAST FOR THE DAY

Expect the Markets to open on a modestly positive note and trade with gains in the initial session.However, given the  technicals, the Markets may continue to correct once again from higher levels. Though a technical pullback cannot be ruled out, the overall bias continues to remain towards continuing correction.

Overall, it is advised to continue to remain moderate on exposure until the Markets find bottom for itself. Apart from intermittent pullbacks, correction might continue with volatility ingrained in it. Very selective purchases apart, moderate exposures with caution are advised for today.

Milan Vaishnav,
Consulting Technical Analyst,
+91-98250-16331

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