Wednesday 4 March 2015

MARKET MOVEMENT FOR 5-3-15

Headlines ------5th Mar -2015

MARKET MOVEMENT               
30000 Done and washed away too but opportunity is there---- Markets got sudden sharp jump yesterday with rate cheers and went away with heavy selling. Opportunistic forces took advantage of the sharp rise and booked heavy profits and once again, the small investors were trapped. Thanks to blue channels who fueled the air with more and more chances of rise and created buyers in markets for the vested interests!
 Markets may open flat for today with a feel of caution although buying at lower levels will also emerge in select stocks. Stay alert for the holiday season.
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 8940 for the target of 9000 and above. Sell below 8940 for the target of 8880 and below
PHARMA stocks may provide better opportunity for day traders on both side
Avoid BROKING stocks for today
 
SAFE STOCK---RANBAXY
RANBAXY is ruling around the level of 782 and look to be good for the target of 800  in any case in due course

No comments :

Post a Comment