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 and look for directions again. The Markets saw a massive short covering yesterday and have again entered the "overbought" territory. For today, the levels of 7655 and 7670 would act as immediate resistance and the supports would exist much lower at 7550 and 7510 levels.
Today's session is also expected to have volatility ingrained in the Markets. However, with the Markets being again technically Overbought with a bearish divergence on Daily Charts, it is continued to be advised to remain very moderately leveraged in the Markets and over exposure should be avoided. Some sectoral out performance would be seen but still any fresh purchases should be made selectively. Overall, continuance of extremely cautious outlook is advised for today.
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