Tuesday, November 18, 2014

Daily Market Trend Guide -- Tuesday, November 18, 2014

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 18, 2014

The Markets have attempted a breakout yesterday but today, we can expect a flat to mildly positive opening. Though the breakout has been attempted, it is yet to get confirmed today. The Markets have very strong undercurrent but given the overbought nature of the Markets some degree of volatility and chances of some profit taking bouts from higher levels cannot be ruled out.
Overall, the the undercurrent, as mentioned above, certainly remain buoyant. However, some volatility would remain ingrained in the Markets. With each up move, higher degree of caution needs to be exercised while protecting profits very vigilantly at higher levels.

Milan Vaishnav,
Consulting Technical Analyst,
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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