Wednesday 4 February 2015

MARKET MOVEMENT FOR 5-2-15

Headlines ------5th Feb -2015

MARKET MOVEMENT               
No strength is seen for the time being, keep caution?---- Selling is continued in markets and no respite is seen from this for the time being. No positive trigger may emerge at least up to the time the results of Delhi elections are out. Keep caution and avoid buying overnight.
 Markets may open flat for today and may remain inmood of no where. Sideways movement may be seen with uncertainty. Buying may be seen in Banking stocks.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select BANKING stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8740 for the target of 8800 and above. Sell below 8740 for the target of 8700 and below
IT stocks may provide better opportunity for day traders on both side
Avoid AUTO stocks for today
 
SAFE STOCK---RCF
RCF is ruling around the level of 67 and look to be good for the target of 75  in any case in due course

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