Market Outlook for 09 July 2013: The latest rout in regional equities might keep participants at bay, as some investors weigh the extent of supply pressure as market gauges attempt to cross higher grounds. With a dearth of new incentives available, buyers might bid for time to wait for good catalysts, or until momentum indicators improve. Try looking into solid staples as the market finds a solid platform. Immediate support is 6,300, secondary at 6,200, resistance 6,350-6,400.
Posted on: Mon, 08 Jul 2013 09:48:45 +0000