Headlines ------ 8th Dec 2014 |
MARKET MOVEMENT | |
28500 crucial. No rise possible below this level, stay alert !---- Level of 28500 is now playing a crucial role in the markets. Few stocks are rising and many are under pressure. This is not good situation for the strength of markets. Avoid fresh buy positions except for the day and that too with strict stop loss levels.
Markets may open flat for today and may remain safe only above 28500. Below this level, no strength may be seen and only sideway movement will be visible.
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 8540 for the target of 8590 and above. Sell below 8540 for the target of 8500 and below
MID CAPS stocks may provide better opportunity for day traders on both side
Avoid AUTO stocks for today
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SAFE STOCK---WOCKPHARMA | |
WOCKPHARMA is ruling around the level of 1007 and look to be good for the target of 1050 in any case in due course
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