Headlines ------ 15th Dec 2014 |
MARKET MOVEMENT | |
Markets weak, rise and recovery may also not sustain!---- Sentiment of the markets is very weak, selling is seen at every level, no rise may sustain and selling pressure may be intense below 27250 which may take it below 27000 also although level of 27000 may turn it back also.
Markets may open flat/negative for today and may remain safe only above 27300. Below this level, no strength may be seen and index may break the level of 27000 also but above 27300, it may show 27500 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 8250 for the target of 8330 and above. Sell below 8250 for the target of 8200 and below
FMCG stocks may provide better opportunity for day traders on both side
Avoid REAL ESTATE stocks for today
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SAFE STOCK---IPCA LAB | |
IPCA LAB is ruling around the level of 738 and look to be good for the target of 756 in any case in due course
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