Due
to technical glitch, we have not been able to publish Daily Market
Trend Guide in regular PDF Format. Brief Market Forecast has been
produced herewith. Inconvenience caused is sincerely regretted
BRIEF MARKET FORECAST FOR THE D AY - WEDNESDAY, APRIL 15, 2015
Expect
the Markets to see a quiet opening and continue to trade in a capped
range in the initial trade with chances of some amount of consolidation
at a later stage. The Markets have gained in last seven straight
sessions and we cannot rule out consolidation at any levels now even if
the overall trend remains bullish.
The levels of 8855 and 8890 will act as immediate resistance. The supports come in at 8790 and 8710 levels. The
Overall
the Markets have confirmed their pullback and the overall trend in the
Markets remains absolutely intact and bullish. Selective purchases may
be made as stock specific sectoral out performance will continue. While
maintaining vigil on open positions, cautious optimism 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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