31-7-15

Headlines ------ 31st July -2015

	MARKET MOVEMENT
	Markets are just below its next resistance, take care?---- 27750 will be the next major resistance and if crossed over successfully, may take it to 27900 and above also or else may go back to 27500 also. Caution is the key, avoid major overnight positions. Index will again touch 30000 before the end of this year but no one know whether it will return from25000 or any other level but 25000 is the lowest!  Markets may open flat/positive for today and mayremain weak below 27700, good over 27750 but the trend may remain  volatile and may change to either side any moment. Trading plan for today- Select PSU stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8420 for the target of 8480 and above. Sell below 8420 for the target of 8350 and below REAL ESTATE stocks may provide better opportunity for day traders on both side Avoid METAL stocks for today
	SAFE STOCK---ENGG INDIA
	ENGG INDIA is ruling around the level of 232 and look to be good for the target of 250  in any case in short term and 280 in long term