Headlines ------11th Feb -2015 |
MARKET MOVEMENT | |
28250-28500 range will decide the fate of markets now?---- Markets are now in a sensitive mood and the range of 28250-28500 will decide the fate of markets till budget. Most of the selling pressure is already over and sensible buying may emerge now. Wait for clear direction and then invest gradually.
Markets may open flat/positive for today and may remain in in the range of 28250-28500. Move outside this range will be decisive.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select AUTO stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8580 for the target of 8650 and above. Sell below 8580 for the target of 8520 and below
CAPITAL GOODS stocks may provide better opportunity for day traders on both side
Avoid AIRLINE stocks for today
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SAFE STOCK---ABB | |
ABB is ruling around the level of 1361 and look to be good for the target of 1390 in any case in due course
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