Tuesday, 12 August 2014

HEADLINES 13-8-2014


MARKET MOVEMENT               
Again heading for 26000, but keep caution for stock specific trend!--Index is able to sustain above 25750 yesterday as expected and now may be heading towards 26000 once again. Caution is must for profit booking and stock specific trend for today also. No risk is seen till index remain above 25750 but break of this may invite weakness.
Markets may open flat/positive for today and may remain in a positive trend so long the level of 25800 is intact. Break of 25750 will indicate further weakness.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select TELECOM stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 7760 for the target of 7830 and above. Sell below 7760 for the target of 7700 and below
BANKING stocks may provide better opportunity for day traders on both side
Avoid AIRLINE stocks for today
 
SAFE STOCK---TATAMOTOR
TATAMOTOR is ruling around the level of 473 and look to be good for the target of 490  in any case in due course

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