Thursday 26 March 2015

Headlines ------ 27th Mar -2015


MARKET MOVEMENT               
Rise from the lows possible today, start buying gradually---- Markets are now in an oversold zone and recovery look possible today. Buying must be in small lots with patience and in good oversold stocks only as the process of recovery may be slow but will pay after some time.
 Markets may open flat/possible for today and may remain in recovery mode. Strength may be seen above 27500 and below 27500, it remain weak for 27000 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 8330 for the target of 8410 and above. Sell below 8330 for the target of 8220 and below
AUTO stocks may provide better opportunity for day traders on both side
Avoid METAL stocks for today
 
SAFE STOCK---AMTEK AUTO
AMTEK AUTO is ruling around the level of 142 and look to be good for the target of 155  in any case in due course

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