Wednesday, 30 July 2014

HEADLINES 31-7-2014

MARKET MOVEMENT               
Shortage for good stocks is felt now in markets!--Selective buying is emerging in between profit booking although blank selling is also visible in some of the stocks. Trend may be uncertain for today in view of the settlement. Large institutions are facing shortage of good stocks at reasonable price now in markets. Stay alert for the break of 26000 if seen.
Markets may open flat for today and may remain in an uncertain mode. Level of 26000 will be crucial for today and over 26150, no risk is seen except volatility.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select POWER stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 7790 for the target of 7850 and above. Sell below 7790 for the target of 7730 and below
PSU stocks may provide better opportunity for day traders on both side
Avoid REAL ESTATE stocks for today
 
SAFE STOCK---LUPIN
LUPIN is ruling around the level of 1173 and look to be good for the target of 1198  in any case in due course
  

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