Due to a technical glitch we have not been able to publish regular edition of Daily Market Trend Guide in PDF Format. However, we reproduce Brief Market Forecast for the Day below. Inconvenience caused is sincerely regretted.
BRIEF MARKET FORECAST FOR THE DAY, TUESDAY, NOVEMBER 11, 2014
Expect the Markets to open and trade positive in the initial trade. The Markets are likely to extend their advances but are also likely to continue to consolidate as they have been doing in past couple of sessions. RSI on Daily Charts stands at 71.79 and remains in "overbought" zone.
Any up move should be first utilized in protecting profits at higher levels. Selective purchases in defensive stocks can be made that though the Markets may consolidate, the undercurrent remains buoyant.
Any up move should be first utilized in protecting profits at higher levels. Selective purchases in defensive stocks can be made that though the Markets may consolidate, the undercurrent remains buoyant.
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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