The market remained above 4555 and as per my expectations, it closed above 4575. The F & O rollover was a whopping 78% and the market recovered in the late trade and the turnover touched record high of over 1 lakh crore. Since the global market is weak today and due to the inflation worries, the market may see yet another sluggish trade today. Dont be panic, if the market remains above 4555.
Today, market will open flat or negative with mixed bias attached with high volatility and remain long above 4604 with SL 4588 for a tgt of 4640-4658. If it breaks and sustain below 4590 keep short with SL 4608 for tgt 4580-4550. Be careful with the positions... Dont go long for the time being..wait for the clear market direction to emerge.. trade wisely...happy investing
Friday, July 27, 2007
Market Forecast for 27.07.07
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