| Headlines ------ 1st June -2015 |
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 | MARKET MOVEMENT |
Markets are safe above 27750 now, trade with caution still?---- Smart recovery of Friday was not against expectation as above 27500, we were anticipating this and wrote also on Friday in these lines. Now, the level of 27750 will be crucial for its strength and risk if any, will be seen below this only. Expectations of rate cut by RBI may keep the markets active.
Markets may open flat/positive for today and mayremain in good so long the level of 27750 is intact and above 27850 it is good for 28000 also in any case.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select PSU stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8430 for the target of 8500 and above. Sell below 8430 for the target of 8350 and below
AUTO stocks may provide better opportunity for day traders on both side
Avoid AIRLINES stocks for today
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