Headlines ------ 19th Dec 2014 |
MARKET MOVEMENT | |
Range of 27000-27250 is crucial now, no action in this range!---- Sharp recovery of yesterday was not unexpected as our lower target of 26500 was almost done in this week. Recovery is likely to continue but the range of 27000-27250 is crucial for this.
Markets may open flat/positive for today and may remain safe only above 27100. Below this level, no strength may be seen and index may break the level of 27000 also once again but above 27200, it may show 27500 also.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select PSU stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8170 for the target of 8230 and above. Sell below 8170 for the target of 8100 and below
AUTO stocks may provide better opportunity for day traders on both side
Avoid CEMENT stocks for today
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SAFE STOCK---BHARTI | |
BHARTI is ruling around the level of 347 and look to be good for the target of 380 in any case in due course
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