Thursday 27 November 2014

HEADLINES--- 28-11-2014

 
Headlines ------ 28th Nov 2014

MARKET MOVEMENT               
Selling arrested but risk remain intact, trade with stop loss!---- Selling could bearrested yesterday due to short covering of positions in the later half of the session and index managed to close in green although undertone of the markets was full of caution. No risk is seen for today above 28400 but below this, selling may be seen again.
Markets may open flat/positive for today and may remain good above 28400 but break of 28400 may signal selling and profit booking pressure in any case and it may lead to 28200 also..
Trading plan for today-Following action plan may be followed by day traders for today-------
Select AIRLINE stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8520 for the target of 8570 and above. Sell below 8520 for the target of 8470 and below
MID CAPS stocks may provide better opportunity for day traders on both side
Avoid CEMENT stocks for today
 
SAFE STOCK---JETAIR
JETAIR is ruling around the level of 268 and look to be good for the target of 280  in any case in due course

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