Tuesday 21 July 2015

Headlines ------ 22nd July -2015

MARKET MOVEMENT               
No strength below 28250, may break 28000 also, good over 28250?---- Support of 28300 was broken yesterday and now it may be heading towards 28000 and below also. Strength if any, will be seen above 28250 only. Trend may remain uncertain for this week.
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/negative for today and mayremain weak below 28150, good over 28250 only.
Trading plan for today-
Select IT stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8510 for the target of 8560 and above. Sell below 8510 for the target of 8450 and below
FMCG stocks may provide better opportunity for day traders on both side
Avoid BANKING stocks for today
 
SAFE STOCK---BEML
BEML is ruling around the level of 1540 and look to be good for the target of 1570  in any case in short termand 1700 in long term

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