Market Forecast for 03.05.07
The market was very volatile on 30th due to selling pressure in heavy weights and my expectation of market behaving positive went wrong.. I think the market is taking a strong support at 4020 and the bulls, as i've written earlier, is taking some rest and the bears will be in charge for some more time. But a turnaround is expected any time from now.
On 03.05.07, the markets will open flat or positive with high volatility and if it remains above 4080+ keep long with SL of 4060 for a target of 4115-4135 and if it breaks and remains below 4065 go short with SL 4075 for a downward target of 4040- 4015. I once again advise all traders to reduce all longs for the time being and invest at dips... Do intraday trading.... Please adopt wait, watch, trade and exit policy.... SAFE TRADING