We have not been able to come out with our regular edition of Daily Market Trend Guide in PDF Format. We reproduce brief Market Forecast for the Day below. Inconvenience caused is sincerely regretted.
BRIEF MARKET FORECAST FOR THE DAY
BRIEF MARKET FORECAST FOR THE DAY
Markets likely to open on a quiet and mildly positive note again.
The Markets have attempted a breakout but currently trade in grossly
overbought territory.
Given the
global cues, we can expected to see fairly positive start and
Markets can trade positive in the initial trade. However, we can
also expect to see quite good amount of volatility at higher levels.
It is advised to refrain from buying at higher levels. Each further
rise should be used to protect existing profits.
Milan Vaishnav,
Consulting Technical Analyst,
+91-98250-16331
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