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 flat note again. The Markets are likely to continue to remain in corrective mode and the levels of 7672 would act as immediate top for the Markets Any up move above 7672 would constitute a fresh breakout. However, the Markets still continue to remain "overbought" and in the event of the Markets slipping below 7568, we would see further weakness in the Markets.
With the levels of 7568 acting as supports and further support at 7510, it is advised to continue to remain light on the positions. While avoiding shorts and maintaining adequate liquidity, very stock specific selective approach with cautious outlook is advised for today.
Milan Vaishnav,
Consulting Technical Analyst,
+91-98250-16331
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