Wednesday, 8 July 2015

Headlines ------ 9th July -2015

MARKET MOVEMENT               
No strength below 27750, though recovery due?---- After a deep fall yesterday, markets may take some sense and recovery may be seen but above the level of 27750 only. Break of 27600 may take to 27400 also in any case.
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 volatile and uncertain. May remain weak below 27600 and may break 27400 also in any case. But above 27750, its target may be 27850 and above too.
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 8420 and above. Sell below 8340 for the target of 8280 and below
PSU 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 229 and look to be good for the target of 250  in any case in short term

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