Trading outlook for 30 July 2010
Participants may continue to seek guidance overseas as most seek signs to support the new trend. Meanwhile, we might see some added volatility prompted by month-end price actions, which could potentially add up to concerns over the bourses' sideways movement plus weight from budget deficit issues. Trade selectively. Continue to monitor stocks with unusual price patterns backed by stable fundamentals. Immediate support is 3,400, resistance at 3,450.