Friday, September 28, 2012

Brief Market Forecast - September 28, 2012

Brief Market Forecast:

Regular Daily Market Trend Guide editions would resume from Monday.

Expect the Markets to open on a positive note and look for directions. Intraday trajectory would be important for the Markets to decide the trend. Though positive opening expected, the technical indicators and the overall structure of the Charts point towards larger possibility of the Markets consolidating or going for a correction. 

Overall, highly stock specific approach with cautious outlook is advised for today.

Milan Vaishnav,
Consulting Technical Analyst,