Wednesday, 13 August 2014

HEADLINES 14-8-2014

MARKET MOVEMENT               
26000 very near but very far also, stay alert for profit booking!--Markets are again in the grip of fears, holidays are near. Caution is must for today for profit booking and selling. Stock specific move will continue although risk not seen till index remain above 25880.
Markets may open flat/positive for today and may remain in a positive trend so long the level of 25880 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 FMCG stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 7770 for the target of 7830 and above. Sell below 7770 for the target of 7720 and below
AUTO stocks may provide better opportunity for day traders on both side
Avoid AIRLINE stocks for today
 
SAFE STOCK---APOLLO HOSPITAL
APOLLO HOSPITAL is ruling around the level of 1128and look to be good for the target of 1150  in any case in due course

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