BRIEF MARKET FORECAST FOR TODAY
Expect the Markets to open on a flat note and again and look for directions. It is likely to spend the session in a range bound manner and might start reacting to the IIP numbers slated to come in the evening and therefore give a clear directional call beginning next week. Sectoral reactions can be seen to INFY Numbers coming out as well. Overall, the 50-DMA would continue to pose immediate resistance to the Markets. It would be necessary for the Markets to move past that level to resume its up move. Markets have seen high creation of shorts as the premiums across Indices and Stocks have significantly reduced. While avoiding shorts positive caution is advised.