Tuesday 27 January 2015

MARKET MOOD FOR 28-1-15

Headlines ------ 28th Jan -2015

MARKET MOVEMENT               
29500 done, what next, it is caution and nothing else now?---- Markets are zooming every day, keep caution although no risk is seen above 29500 and above this level it look to be safe for further high.
 Markets may open flat/positive for today and may remain good also but the level of 29550 will be crucial today and closing below this level will be indication of selling for profit booking.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select CAPITAL GOODS stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8940 for the target of 9000 and above. Sell below 8940 for the target of 8880 and below
AIRLINE stocks may provide better opportunity for day traders on both side
Avoid PHARMA stocks for today
 
SAFE STOCK---JETAIR
JETAIR is ruling around the level of 497 and look to be good for the target of 530  in any case in due course

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