The Dow just managed to close in green amidst high volatility during the mid sessions. The indian markets will follow suit today. Since the market weakened in the closing hours, after remaining rangebound throughout the day, it is still not advisable to go long before the market closes above 4533. till then do intraday trade only..
Today, market may open flat or positive attached with high volatility and mixed bias and remain long only above 4370 with SL 4355 for a tgt of 4400-4435. If it remains below 4362 keep short with SL 4375 for tgt 4330-4305. Dont carry overnight positions till the nifty closes above 4533.. Till then,trade Intraday only....Mint Money..
Wednesday, August 8, 2007
Market Forecast for 08.08.07
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