Friday, May 29, 2015

Brief Market Forecast for the Day -- Friday, May 29, 2015

Due to technical reasons,we have note been able to publish full edition of Daily Market Trend Guide. However, brief market forecast has been reproduced herewith. Inconvenience caused is sincerely regretted.
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Brief Market Forecast for the Day -- Friday, May 29, 2015

Today's analysis again continues to remain on similar lines. The Markets may witness a modestly negative opening and therefore moving past is 200-DMA would again continue to remain of paramount important.
 
At  Close levels, the Markets have held on to the levels of 200-DMA and it is expected that these levels would continue to hold at support at Close. 
 
Volatility is expected to remain and the Markets are likely to continue to trade in a broad range. While maintaining liquidity, some selective purchases may be made. Overall, moderate exposures should be maintained.

 
Milan Vaishnav,
Consulting Technical Analyst,
Af. Member: Market Technicians Association (MTA), USA
Af. Member:
Association of Technical Market Analysts, INDIA


www.MyMoneyPlant.co.in
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