Thursday, 9 July 2015

trading plan for 10-7-15

MARKET MOVEMENT               
Time to buy good stocks, select with caution and hold?---- Recent fall in the Indian markets was unwarranted and unjustified. It look to be the game plan of some large players to buy good stocks in Indian markets as they have sold large funds in other markets. Buying is going on despite selling and down fall. Buy good stocks and enjoy the gains in near future only.
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 for today and may remain volatile and uncertain. May remain weak below 27500 and may break 27400 also in any case. But above 27600, its target may be 27750 and above too.
Trading plan for today-
Select BANKING stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8330 for the target of 8400 and above. Sell below 8330 for the target of 8280 and below
PSU stocks may provide better opportunity for day traders on both side
Avoid REAL RSTATE stocks for today
 
SAFE STOCK---TATA MOTOR
TATA MOTOR is ruling around the level of 398 and look to be good for the target of 430  in any case in short term and 530 in long term

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