| Headlines ------ 21st Oct 2014 |
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 | MARKET MOVEMENT |
Markets recovered as expected but fears still intact!--As expected and written for yesterday in these lines, we could see sharp recovery yesterday from the over sold levels. This may continue also but fresh buying is yet to be seen. The sharp recovery of yesterday could be attributed to short covering and not fresh buying.
Markets may open flat/positive for today also and no risk will be seen above the level of 26400. below 26400, it remain week for 25200 also but over 26450 it is good for 26650 and above also.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select AUTO stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 7900 for the target of 7960 and above. Sell below 7900 for the target of 7850 and below
PSU stocks may provide better opportunity for day traders on both side
Avoid CEMENT stocks for today
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