Finance News: India Business News

Friday, July 6, 2007

Market Forecast for 06.07.07



Listing day of Mega IPO DLF made the markets highly volatile and it corrected heavily. But later, the bulls regained their lost ground and covered almost all losses. I still beleive that the market is in a rangebound stage and selling at lower level seems to be expensive for retail investors.. dont get panic is the mantra for the time being.

Today, market will open flat or positive and remain long above 4350 with SL 4335 for a tgt of 4385-4399. If it breaks and sustain below 4345 keep short with SL 4360 for tgt 4312-4302. Be careful with the positions and dont sell in panic. Traders, trade intraday and mint money... keep smiling

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