| Headlines ------ 20th Nov 2014 |
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 | MARKET MOVEMENT |
Book profit as much as you can, stay away from fresh buying!---- Our warnings for avoiding buying for last two weeks was seen to be true yesterday as the markets faced intensive selling in most of the stocks. Vested interests will try level best to maintain the level of 28000 but we see full doubts of its strength. Go on booking profits and avoid fresh buy. Day trades look good with strict stop loss levels.
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 POWER stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8400 for the target of 8460 and above. Sell below 8400 for the target of 8345 and below
METAL stocks may provide better opportunity for day traders on both side
Avoid PHARMA stocks for today
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| SAFE STOCK---SRF |
SRF is ruling around the level of 903 and look to be good for the target of 930 in any case in due course
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