We have not been able to come up with regular edition of Daily Market Trend Guide in PDF Format. However, we produce "Market Forecast in Brief" for today. Inconvenience caused is sincerely regretted.
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BRIEF MARKET FORECAST FOR THE DAY -- FRIDAY, JANUARY 2015
As mentioned here since last several trading days, the markets continue to be affected by year end holiday inertia. As foretold, the markets are experiencing resistance at its 50 Simple Moving Average, which is 8300 as of today.
Expect the Markets to open on a positive note and attempt to move past its 50-DMA. If the Markets opens and trade above that, we may see successful attempt of continuation of pullback after few days of consolidation on lower volumes.
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BRIEF MARKET FORECAST FOR THE DAY -- FRIDAY, JANUARY 2015
As mentioned here since last several trading days, the markets continue to be affected by year end holiday inertia. As foretold, the markets are experiencing resistance at its 50 Simple Moving Average, which is 8300 as of today.
Expect the Markets to open on a positive note and attempt to move past its 50-DMA. If the Markets opens and trade above that, we may see successful attempt of continuation of pullback after few days of consolidation on lower volumes.
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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