Activity

Date 01st Jan 2015
Nifty was up by around 17 points
1.Nifty is just short of moving above the Dec 2015 high.
2.Except for IT and Teck all the sectors ended in Green

Trade Plan

Buy NIFTY@7980 (when it crosses Dec 2015 high)
Stop loss @7600 (near the Dec 2015 Low)
Sell @8360

3.PNB has shown some resistance at 116. Since the volumes are not high, we cannot consider it as a trend reversal. PNB is one of the stocks to watch for.