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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

apolofeb29-2016
The RSI is shown the present position of the stock and how it can go down.

 

 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

 – Analysts

      Sangeetha & Vidya

 

 

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