BRIEF MARKET FORECAST FOR THE DAY
Expect the Markets to open on a flat note again and trade in a
capped range in the initial trade. Though the Markets remain in an
over all bullish bode and while the trend remains intact, some
amount of consolidation in the immediate short term cannot be ruled
out. The levels of 8795 and 8845 are likely to act as immediate
resistance.
Overall, as mentioned, with some amount of ranged movement and
consolidation expected to continue, some amount of volatility would
remain ingrained in the Markets. While maintaining vigil on existing
positions, very selective purchases may be made. 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
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