Monday 20 April 2015

market movement for 21-4-15

Headlines ------ 21st Apr -2015

MARKET MOVEMENT               
No strength below 28000 now, break of 27750 may be serious---- As expected, markets went under heavy selling on the break of 28400 yesterday. Strength is missing in markets for the time being for many political and international cues. Stay alert and go for day trades only.
 Markets may open flat for today and may remain in uncertain mode. No rise or recovery may sustain below 27950 level.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select PHARMA stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8450 for the target of 8530 and above. Sell below 8450 for the target of 8380 and below
PSU BANKING stocks may provide better opportunity for day traders on both side
Avoid METAL stocks for today
 
SAFE STOCK---TITAN
TITAN is ruling around the level of 394 and look to be good for the target of 408  in any case in due course

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