Market Forecast for 19.07.07

Eventhough my opening gap down prediction went wrong, the market behaved exactly as per my forecast and it kissed 4452.85 and returned back and touched 4510.80 and settled at 4499.55. It is a good sign that market closed above yesterday's close and the today's low is a very vital point to watch. The market is expected to consolidate and it may touch 4525 tomorrow. If the bulls manages to close it above this level, bears may have to wait longer for a correction.

Tomorrow, market will open flat or positive with mixed trends and remain long above 4490 with SL 4475 for a tgt of 4525-4542. If it breaks and sustain below 4485 keep short with SL 4502 for tgt 4467-4452. Be careful with the positions... trade safely..