Market Forecast for 31.07.07

Market stopped its carange but could not sustain pressure at higher levels and it fell sharply in the last hour. The market has stopped its carnage and is now in a consolidation mood. Now, selling pressure will remain at higher levels still the market closes above 4515. One should think of going long only after the market closes above the said level of 4515.

Tomorrow, market may open flat or negative with a huge gap down of 50-80 points, with mixed bias attached with high volatility and remain long above 4445 with SL 4430 for a tgt of 4487-4515. If it breaks and sustain below 4440 keep short with SL 4465 for tgt 4398-4356. Trade intraday and mint money... dont go long for the time being.....safe investing