Finance News: India Business News

Wednesday, July 11, 2007

Market Forecast for 11.07.07



Profit booking and shorting at higher levels is seen yesterday ahead of the results of tech major infosys which will be declared today, in anticipation of a market crash. It is not safe to buy fresh longs now as the market is poised for a good correction at any moment. Also dont short blindly in the breakout scrips.

Today, market will open flat or positive and remain long above 4410 with SL 4395 for a tgt of 4430-4451. If it breaks and sustain below 4408 keep short with SL 4427 for tgt 43982-4365. Be careful with the positions and dont sell in panic. Trade wisely....

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