Tuesday 24 March 2015

MARKET MOVEMENT FOR 25-3-15

 
Headlines ------ 25th Mar -2015

MARKET MOVEMENT               
Markets in a selling mode, no rise may sustain, wait only---- Markets are clearly in a mood of no trend and selling is continued in most of the stocks due to financial year end. Avoid buying and book profit in those stocks which are in a position to give reward to you.
 Markets may open flat for today and may remain in uncertain mode. Strength may be seen above 28200 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 FMCG stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8540 for the target of 8620 and above. Sell below 8540 for the target of 8500 and below
SHIPPING stocks may provide better opportunity for day traders on both side
Avoid METAL stocks for today
 
SAFE STOCK---BHEL
BHEL is ruling around the level of 239 and look to be good for the target of 250  in any case in due course

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