We have not  been able to come up with regular edition of Daily Market Trend Guide in PDF Format. We reproduce Market Forecast for the Day in brief below. Inconvenience caused is sincerely regretted.

BRIEF MARKET FORECAST FOR THE DAYExpect the Markets to open on a mildly positive note following global stability and look for directions. It is important to note that any up move shall face resistance near 7500 levels. So long as we continue to trade below 7500 levels, the chances of the correction continuing are larger.

The RSI on Daily Chart is 44.1411 and it has reached its lowest value in last 14-days which is bearish. Although it does not show any bullish or bearish divergence. The Daily MACD continues to trade below its signal line and is bearish.

In order to curtail the weakness, the Markets will have to move past the levels of 7500 and trade above that. If the Markets successfully does that, it will return to consolidation stage. However, trading of Markets below the levels of 7500 is likely to induce weakness with levels of 7400 acting as support. Overall, while remaining light on the overall exposure, continuance of caution is advised for today.
Milan Vaishnav,
Consulting Technical Analyst,