Thursday, 3 September 2015

trading plan for 4-9-15

Headlines ------ 4th Sep -2015

MARKET MOVEMENT               
At a crucial point near to 25750, may move to any  side now?---- 25750 is crucial for today as it is a major resistance at the moment for index and if it is not able to sustain above this level for today, again 25500 may be broken but above this level we find 26000 once again.
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)
 Markets may open flat/positive today and mayremain good over 25750 for the day. Break below 25750 may take it to 25500 also .
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 7830 for the target of 7880 and above. Sell below 7830 for the target of 7770 and below
BANKING stocks may provide better opportunity for day traders on both side
Avoid FMCG stocks for today
 
SAFE STOCK---TATA STEEL
TATA STEEL is ruling around the level of 230 and look to be good for the target of 250  in any case in short term and 300 in long term

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