We have not been able to come out with regular edition of Daily Market Trend Guide in PDF Format. However, Market Forecast for the Day is reproduced below in brief. Inconvenience caused is sincerely regretted.
BRIEF MARKET FORECAST FOR THE DAY
BRIEF MARKET FORECAST FOR THE DAY
Once, today's analysis continue to
remain on similar lines. The Markets are likely to open on a
modestly positive note and look for directions. There
are possibilities of a technical pullback on Daily Charts. If not,
the Markets are likely to see range movement and no major downside
is expected. The levels of 8340 and 8375 would act as immediate
resistance an the levels of 50-DMA would act as support at Close.
Overall, some selective
purchases, especially in defensive stocks and IT can be made.
However, over exposure should still be avoided. Positive caution is
advised for today.
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
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.