We have not been able to publish Daily Market Trend Guide in regular
PDF Format today. Brief Market Forecast for the Daily is reproduced
below. Inconvenience caused is sincerely regretted.
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BRIEF MARKET FORECAST FOR THE DAY
Expect the Markets to open on a quiet note and look for directions. To the most likelihood, the Markets would continue with its corrective activities. Today being the penultimate day of expiry of current derivative series, the session would remain dominated with rollover centric activities.
With the levels of 7350 and 7365 acting as immediate resistance and the supports existing much lower at 7260 and 7210, we continue to reiterate maintaining of very light and moderate exposures. Any purchases should be made very selectively. Overall, maintenance of cautious outlook is advised for today.
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BRIEF MARKET FORECAST FOR THE DAY
Expect the Markets to open on a quiet note and look for directions. To the most likelihood, the Markets would continue with its corrective activities. Today being the penultimate day of expiry of current derivative series, the session would remain dominated with rollover centric activities.
With the levels of 7350 and 7365 acting as immediate resistance and the supports existing much lower at 7260 and 7210, we continue to reiterate maintaining of very light and moderate exposures. Any purchases should be made very selectively. Overall, maintenance of cautious outlook is advised for today.
Milan Vaishnav,
Consulting Technical
Analyst,
+91-98250-16331
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