Thursday 22 October 2015

Headlines ------ 23rd Oct -2015

MARKET MOVEMENT               
Crucial level is 27250, no risk above this level now but play safe?---- No risk is seen above 27250 level for today but play safe in view of holidays. No major rise also look possible unless index cross over 27350 for the day. Range of this 100 point is important for the day and shall decide the trend.
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  for today and may remain good only over 27250 for the day. Break below 27250 may take it to 27000 and below also in any case. But above 27250, it remain good for 27400 also.
Trading plan for today-
Select MEDIA stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8250 for the target of 8290 and above. Sell below 8250 for the target of 8170 and below
AUTO stocks may provide better opportunity for day traders on both side
Avoid METAL stocks for today
 
SAFE STOCK---EXIDE
EXIDE is ruling around the level of 160 and look to be good for the target of 170  in any case in short termand 210 in long term

No comments :

Post a Comment