Wednesday 10 December 2014

HEADLINES FOR 11-12-2014

Headlines ------ 11th Dec 2014

MARKET MOVEMENT               
Recovery may continue but at a slow speed and selectively!---- Recovery seen as expected and written for yesterday but its speed may be slow and may be selective too. Buy gradually in those good stocks which have gone down sharply in past few days without any valid reason.
 Markets may open flat for today and may remain safe only above 27800. Below this level, no strength may be seen and index may break the level of 27800 also but above 27800, it may show 28000 also.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select TELECOM stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8380 for the target of 8440 and above. Sell below 8380 for the target of 8340 and below
PSU stocks may provide better opportunity for day traders on both side
Avoid CEMENT stocks for today
SAFE STOCK---BHARTI
BHARTI is ruling around the level of 355 and look to be good for the target of 380  in any case in due course

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