MARKET MOVEMENT | |
Banking stocks yet to perform, index good over 26200 only?---- Level of 26200 is a major resistance at this juncture and may be crossed also but will invite profit booking also. Banking stocks are in little shock and will surely perform as Bank Nifty is all set to cross over 18000 although may take some time.
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!(these lines were posted by us in May 2015 and on 24th Aug, we have seen major bloodshed in Dalal Street at a very close level of 25000. 30000 is yet to be seen. On 7th Sep 2015, index went below 25000 confirming our calculations and predictions)
Markets may open flat/positive today and mayremain good only over 26200 for the day. Break below 26100 may take it to 25900 and below also in any case .
Trading plan for today-
Select METAL stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 7940 for the target of 8040 and above. Sell below 7940 for the target of 7870 and below
REAL ESTATE stocks may provide better opportunity for day traders on both side
Avoid AIRLINES stocks for today
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SAFE STOCK---CONCOR | |
CONCOR is ruling around the level of 1488 and look to be good for the target of 1520 in any case in short term and 1800 in long term
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Wednesday, 30 September 2015
Headlines ------ 1st Oct -2015
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