MARKET MOVEMENT | |
28500 is crucial now but over this, no problem, break will be risk!---- Market is at a crucial level. Principles suggest that a major risk is awaiting the small investors in the shape of a trap and levels are suggesting strength. Both are contradictory to each other. Play safe, book regular profits and avoid a trap?
Markets may open flat/positive for today and may remain good above 28500 but break of 28500 may signal selling and profit booking pressure in any case.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select CAPITAL GOODS stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8540 for the target of 8600 and above. Sell below 8540 for the target of 8495 and below
AUTO stocks may provide better opportunity for day traders on both side
Avoid CEMENT stocks for today
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SAFE STOCK---BEL | |
BEL is ruling around the level of 2307 and look to be good for the target of 2400 in any case in due course
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Monday, 24 November 2014
Headlines ------ 25th Nov 2014
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