Tuesday 30 December 2014

Headlines ------ 31st Dec 2014

MARKET MOVEMENT               
Markets may show sluggish range bound trend for today!---- Last trading day of this year may not be action packed and sluggish trend may welcome the closing of this year. Action if any will be seen only above 27500 or below 27250. Watch the trend, trade less and avoid overnight positions.
 Markets may open flat for today and may remain in a sideways mode. No major action may be seen in 27300-27400 and movement may be slow outside this range also. Buying may be limited also.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select PHARMA stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8290 for the target of 8340 and above. Sell below 8290 for the target of 8250 and below
CAPITAL GOODS stocks may provide better opportunity for day traders on both side
Avoid AIRLINES stocks for today
 
SAFE STOCK---BEML
BEML is ruling around the level of 750 and look to be good for the target of 770  in any case in due course

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