Sunday, 17 May 2015

headlines for 18-5-15

MARKET MOVEMENT               
27500 look possible now but 27250 is a risk. Over 27500, 27800 also?----Markets are not able to show a clear trend for last 15 days or so and this may be seen in the coming week also although level of 27250 will be crucial and break will take it to 27000 and below also. Over 27350, it is good for 27500 and 27800 also in a volatile and uncertain trend.
 Markets may open flat/positive for today and mayremain in positive but break of 27250 is not good. Trade with caution and stop loss levels only.
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 8270 for the target of 8360 and above. Sell below 8270 for the target of 8160 and below
BANKING stocks may provide better opportunity for day traders on both side
Avoid AIRLINE stocks for today
SAFE STOCK---TATA MOTOR
TATA MOTOR is ruling around the level of 518 and look to be good for the target of 532  in any case in due course

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