Wednesday 23 December 2015

Headlines ------ 24th Dec -2015


MARKET MOVEMENT               
Markets look to be safe so long 25750 is intact, play safe ?---- Markets are in a safe zone now but the levels of 25750-26000 shall be crucial as any major move will be seen outside this range only.
 Markets may open flat/positive  for today and mayremain  over 25850 for the day. Break below 25800 may take it to 25600 and below also in any case. But above 25850, it remain good for 26000 and above also.
Trading plan for today-
Select BANKING stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 7850 for the target of 7920 and above. Sell below 7850 for the target of 7800 and below
PHARMA stocks may provide better opportunity for day traders on both side
Avoid AIRLINE stocks for today
 
SAFE STOCK---EIH
EIH is ruling around the level of 123 and look to be good for the target of 130  in any case in short termand 150 in long term

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