Sunday, 11 October 2015

Headlines ------ 12th Oct -2015

MARKET MOVEMENT               
No risk over 27000 but break of it may invite risk also?---- Level of 27000 is sustained on Friday and it is a strong support now but break of it for any reason will again create selling pressure although for profit booking only. Over 27000, no risk is seen and it remain good for 27500 also.
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 27000 for the day. Break below 27000 may take it to 26800 and below also in any case .
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 8190 for the target of 8260 and above. Sell below 8190 for the target of 8120 and below
AUTO stocks may provide better opportunity for day traders on both side
Avoid AIRLINE stocks for today
 
SAFE STOCK---TATA STEEL
TATA STEEL is ruling around the level of 250 and look to be good for the target of 260  in any case in short term and 300 in long term

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