| Headlines ------ 21st Nov 2014 |
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 | MARKET MOVEMENT |
Level of 28000 need to be watched, no strength below this!---- Profit booking is going on although selectively and may continue as such. This may continue even if index remain above 28000 as some of the large cap stocks will provide support to index in that case and the process will go on.
Markets may open flat for today and may remain in a range although above 28000 no risk is seen for the day. Break of 28000 on opening may take it to 27800 and below also.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select PVT BANKING stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8420 for the target of 8480 and above. Sell below 8420 for the target of 8365 and below
TEXTILE stocks may provide better opportunity for day traders on both side
Avoid AUTO stocks for today
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| SAFE STOCK---KARUR VYSYA BANK |
KARUR VYSYA BANK is ruling around the level of 528and look to be good for the target of 550 in any case in due course
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