Headlines ------9th Feb -2015 |
MARKET MOVEMENT | |
No strength in markets, wait and watch only?---- Markets are under great pressure although not visible as selling of most of the stocks is offset by some of the large cap stocks keeping a balance in index levels. Fears are floating for the reputation of BJP Govt. and this may be cleared only after 10th.
Markets may open flat for today and may remain in uncertain and weak mode. Volatility may also be seen with some of the stocks showing buying 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 8670 for the target of 8720 and above. Sell below 8670 for the target of 8620 and below
FINANCE stocks may provide better opportunity for day traders on both side
Avoid AUTO stocks for today
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SAFE STOCK---UBL | |
UBL is ruling around the level of 954 and look to be good for the target of 975 in any case in due course
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