Market Forecast for 16.05.07
Today the markets opened flat with high volatility. all risky traders must have burnt their fingers again.. profit booking at higher levels seen throughout the day. Market is still yet to decide its way and the sentiments are still positive.
Tomorrow, the market may open flat or positive by 10-25 points with positive bias and if it remains above 4125, go long with SL of 4105 for a target of 4150-4180 and if it breaks and remains below 4120, go short with SL 4141 for a down ward target of 4095-4075. Since the market direction is still unclear, avoid fresh longs and trade intra-day only. please adopt wait, watch, trade and exit policy... risky traders mint money.. SAFE INVESTING