MARKET MOVEMENTS FOR 28-7-14

MARKET MOVEMENT
	26000 is crucial now, break will create panic for selling!--Concentrate on the level of 26000 broadly and break of 26100 will first lead to 26000 and then below 25800 also in any case. Strength if any, will now be seen above the level of 26250. Trade with caution as no major positive trigger is in sight in markets at this juncture. Markets may open flat for today and may remain safe above the level of 26100. Break of 26100 may take it to 26000 and below also. Above 26150, next level of index will be 26350 and above. Trading plan for today-Following action plan may be followed by day traders for today------- Select FMCG stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7790 for the target of 7840 and above. Sell below 7790 for the target of 7730 and below FINANCE stocks may provide better opportunity for day traders on both side Avoid CEMENT stocks for today
	SAFE STOCK---LUPIN
	LUPIN is ruling around the level of 1128 and look to be good for the target of 1160  in any case in due course