Thursday 13 November 2014

HEADLINES 14-11-2014

Headlines ------ 14th Nov 2014

MARKET MOVEMENT               
Caution is the key at 28000 level, go on booking profit!--Level of 28000 is very very crucial and need caution. Budget is not very far and we expect a heavy dose of selling before that any time. Sentiment is good but certain fundamentals of the market movement need to be followed by investors.
Markets may open flat for today and may remain in a range although above 28000, it gain look good but above this, you need caution in buy positions.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select PHARMA stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8370 for the target of 8420 and above. Sell below 8370 for the target of 8325 and below
MID CAP stocks may provide better opportunity for day traders on both side
Avoid AUTO stocks for today
SAFE STOCK---COLGATE
COLGATE is ruling around the level of 1989 and look to be good for the target of 2020  in any case in due course

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