Saturday 28 November 2015

Headlines ------ 30th Nov -2015


MARKET MOVEMENT               
G S T hopes are alive now, index may proceed further?---- Closing was above the barrier of 26000 on Friday giving hopes for further rise in the coming week. GST issue look to be resolved and this may take shape which may provide a big booster to the indexes also in coming weeks.
 Markets may open flat/positive  for today and mayremain good only over 26100 for the day. Break below 26100 may take it to 25900 and below also in any case. But above 26100, it remain good for 26300 and above also.
Trading plan for today-
Select AUTO stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 7950 for the target of 8000 and above. Sell below 7950 for the target of 7880 and below
BANKING stocks may provide better opportunity for day traders on both side
Avoid CEMENT stocks for today
 
SAFE STOCK---UPL
UPL is ruling around the level of 424 and look to be good for the target of 434  in any case in short termand 456 in long term

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