Sunday 2 November 2014

MARKET MOVEMENT FOR 3-11-2014


Headlines ------ 3rd Nov 2014

MARKET MOVEMENT               
No risk over 27250 but break may invite profit booking also!--No risk will be seen in markets above the level of 27250 also and over 27350, it remain good for 27500 and above also. Break of 27250 may take it to 27000 also
Markets may open flat/positive for today also and no risk will be seen above the level of 27350. But below 27350, it remain week for 27100 also.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select REAL ESTATE stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8330 for the target of 8400 and above. Sell below 8330 for the target of 8280 and below
AUTO stocks may provide better opportunity for day traders on both side
Avoid METAL stocks for today
 
SAFE STOCK---ABAN
ABAN is ruling around the level of 623 and look to be good for the target of 650  in any case in due course

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