Wednesday, 12 August 2015

Headlines ------ 13th Aug -2015

MARKET MOVEMENT               
No strength seen for the time being below?---- Political situation of the country is not looking to be in favor of reforms and these are likely to be delayed. This had created a negative sentiment in markets and this may continue also so long index is below the level of 27750 and break of 27500 may take it to 27250 and 27000 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/positive for today and mayremain good over 27500 for the day. Cross over of 28600 may take it to 27750 and above also or else it is likely to break 27250 too.
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 8340 for the target of 8430 and above. Sell below 8340 for the target of 8260 and below
FMCG stocks may provide better opportunity for day traders on both side
Avoid AUTO stocks for today
 
SAFE STOCK---MOTHERSON
MOTHERSON is ruling around the level of 340 and look to be good for the target of 360  in any case in short term and 440 in long term

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