Tuesday 7 July 2015

Headlines ------ 8th July -2015

MARKET MOVEMENT               
Still, level of 8500 is crucial and a major resistance too?---- Major resistance is seen around 8500 level now and this will decide future trend at least for this week. No strength is seen below this level except in case of select stocks and others may face selling. Over this, no risk is seen.
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 negative for today and mayremain volatile and uncertain. May remain weak below 28200 and may break 28000 also in any case. But above 28200, its target may be 28400 as an exception for today.
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---ENGG INDIA
ENGG INDIA is ruling around the level of 235 and look to be good for the target of 250  in any case in short term

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