Market Forecast for 28.06.07
The market conditions are very unfavourable to ordinary investors. but the bulls have enough strength to overcome each downfall attack. i still view that stock specific manipulation going on in some counters are not good for a healthy market. today, being the expiry day for the F & O contracts, a highly volatile session is expected. If the market closes above 4300+, one can look forward for a new high in the coming days.
Today, market will open flat attached with high volatility and mixed bias and remain long above 4270 with SL 4245 for a tgt of 4291-4302. If it breaks and sustain below 4275 keep short with SL 4289 for tgt 4254-4231. Be careful with the positions. it's still not safe to take fresh longs at higher levels now..Also, it can be noted that stock specific manipulation is going on in the market and be careful not to get trapped in such stocks.Please adopt wait, watch, trade and exit policy....