Wednesday 28 October 2015

Headlines ------ 29th Oct -2015

MARKET MOVEMENT               
Watch 27000, break may be serious but above this, no risk?---- Level of 27000 will now be crucial. We have written on 27500 level that this may be difficult to be crossed over and profit booking will hit and it happened. Now over 27000, we find no risk of further fall but below it may be weak for 26800 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  for today and may remain good only over 27000 for the day. Break below 27000 may take it to 26800 and below also in any case. But above 27000, it remain good for 27200 also.
Trading plan for today-
Select IT stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8170 for the target of 8220 and above. Sell below 8170 for the target of 8120 and below
POWER stocks may provide better opportunity for day traders on both side
Avoid METAL stocks for today
 
SAFE STOCK---TITAN
TITAN is ruling around the level of 350 and look to be good for the target of 360  in any case in short termand 400 in long term

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