Tuesday 26 May 2015

Headlines ------ 27th May -2015

MARKET MOVEMENT               
Level of 27500 will decide the fate of the market today, keep caution?---- No strength will be seen in markets below the level of 27500 as written on Monday in these lines. Break of 27880 will take it to 27500 was predicted on Monday itself by us and below 27500, it may go down to 27250 in any case. Strength if any will be seen above 27580 only although trend is likely to be highly uncertain and volatile giving only losses to the day traders.
 Markets may open flat for today and may remain in a volatile and uncertain mode. Trade with caution although time is good for buying good stocks for medium and long term.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select AUTO stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8320 for the target of 8400 and above. Sell below 8320 for the target of 8260 and below
PHARMA 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 241 and look to be good for the target of 250  in any case in due course

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