BRIEF MARKET FORECAST FOR THE DAY


Markets likely to open on a flat note and look for directions. Given the technical reading and supported by the derivative data, the Markets are likely to continue with some corrective activity and might continue to consolidate in a given rage.

While avoiding fresh long positions, any upside should be used to protect profits at higher levels. We advice to continue to approach the Markets with high degree of caution.
 
Milan Vaishnav,
Consulting Technical Analyst,
+91-98250-16331