Archive for February, 2016
Nifty trends February 29 2016
March fut of nifty trends February 29 2016
Nifty can reach to 7050 level… Beyond that it will fly to 7120.
So magic level can be 7065 or 7070.
Only chance of stoppage is over run of volume.
But volume is still in… to burn
Down side anything below 6980 will kick an urge to sell..
Strong back up support near 6000
Magic level is below 6935
Below that means dash down.. panic sales…
Trade nifty with care sell / short below 6980.. buy above 7040… just give 10 points target and 2 to 5 points stop loss. re enter if SL hits.
Stocks to trade for today- February 29 2016
Apollo Tyres Ltd is very over bought in position so it may go down soon. The stock is trend to little slow in volatility but it will pick up soon.
I doubt in morning session the stock can go down faster and after 12 stock will go little up and naturally as the profit booking will be done.
But later by 2 PM the stocks can go down little more.
See the chart- here
My others bet is HD media.
It can go down from morning and hope that stock will pick up momentum and by end of the day stock can reverse to an extend.
The MOVER sold stocks are
CIPLA and ITC. both are too much in over sold.
The stocks can go up very easily. ITC will burst up in price and in first 2 hours it can reach very high
Cipla will take time to get in to a high in price level
Volatility will be high in both cases and do not forget that
Sangeetha & Vidya