Thursday 26 March 2015

Headlines ------ 26th Mar -2015


MARKET MOVEMENT               
Weak trend to continue, uncertainty to prevail---- No strength is seen at present in the markets and weak trend may continue as such. Uncertainty may also prevail in markets in view of the settlement due today although some short covering in select stocks look possible.
 Markets may open flat for today and may remain in uncertain mode. Strength may be seen above 28150 and below 28100, it remain weak for 27900 also.
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 8530 for the target of 8620 and above. Sell below 8530 for the target of 8500 and below
PHARMA stocks may provide better opportunity for day traders on both side
Avoid AIRLINE stocks for today
 
SAFE STOCK---HCL TECH
HCL TECH is ruling around the level of 1005 and look to be good for the target of 1025  in any case in due course

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