Monday 6 July 2015

Headlines ------ 7th July -2015

MARKET MOVEMENT               
No risk over 8500, volatility to continue, stay alert?---- As written yesterday in these lines, we could see very high volatility in markets yesterday itself and this may continue for the whole week. No risk is seen above 8500 but break of it will cause selling 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/positive for today and mayremain volatile and uncertain. May remain good over 28250 and may reach 28500 also in any case.
Trading plan for today-
Select PHARMA 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 8580 and above. Sell below 8510 for the target of 8450 and below
BANKING stocks may provide better opportunity for day traders on both side
Avoid TRAVELL stocks for today
 
SAFE STOCK---COAL INDIA
COAL INDIA is ruling around the level of 422 and look to be good for the target of 440  in any case in short term

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