Monday 27 July 2015

Headlines ------ 28th July -2015

MARKET MOVEMENT               
Markets in a panic now, still hope is left for one time recovery?---- Panic had gripped the markets yesterday on the break of 28000 and selling was so intense that no stock could sustain its levels. This may continue further although oversold markets may try for a short term recovery also.
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 27500, good over 27750 only.
Trading plan for today-
Select FMCG stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8340 for the target of 8410 and above. Sell below 8340 for the target of 8250 and below
PSU stocks may provide better opportunity for day traders on both side
Avoid AUTO stocks for today
 
SAFE STOCK---SUN TV
SUN TV is ruling around the level of 292 and look to be good for the target of 300  in any case in short termand 330 in long term

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