Owing to technical glitch, we have not been able to publish the edition of Daily Market Trend Guide in regular PDF Format. However, brief Market Forecast for the Day is reproduced below. Inconvenience caused is sincerely regretted.
Expect
the Markets to open on a modestly positive note and continue with its
up move in the initial trade. Being the expiry day of the current
derivative series the session would remain dominated with rollover
centric activities and apart of this, the Markets would also react to
the details of FOMC meeting wherein the QE is widely expected to end.
Talking
purely on technical terms, the Markets show all signs of continuation
of up move but the above factors are likely to keep the session
ingrained with
volatility. Overall, with continuing sectoral outperformance, positive
caution is advised for the day.
Milan Vaishnav,
Consulting Technical Analyst,
Af. Member: Market Technicians Association (MTA), USA
Af. Member: Association of Technical Market Analysts, INDIA
www.MyMoneyPlant.co.in
Af. Member: Market Technicians Association (MTA), USA
Af. Member: Association of Technical Market Analysts, INDIA
www.MyMoneyPlant.co.in
+91-98250-16331
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