Sunday 20 December 2015

Headlines ------ 21st Dec -2015

MARKET MOVEMENT               
25500 crucial for this week, break may again take it to 25000 ?---- Negative sentiment of the markets is not yet over. Break of 25500 will be again bad for the sentiment of the markets and it may go down to 25000 again in the coming week although above 25500, no risk is seen for the time being and slow recovery may be seen.
 Markets may open flat  for today and may remain good only over 25500 for the day. Break below 25500 may take it to 25300 and below also in any case. But above 25500, it remain good for 25700 and above also.
Trading plan for today-
Select POWER stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 7750 for the target of 7800 and above. Sell below 7750 for the target of 7690 and below
PHARMA stocks may provide better opportunity for day traders on both side
Avoid AUTO stocks for today
 
SAFE STOCK---SBI
SBI is ruling around the level of 227 and look to be good for the target of 240  in any case in short termand 300 in long term

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