Monday, April 13, 2015

Daily Market Trend Guide -- Monday, April 13, 2015

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
+91-98250-16331
 

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