1-9-2014 MARKET MOVEMENTS

Headlines ------ 1st Sep 2014

	MARKET MOVEMENT
	Over 26600, next target will be 27000 but below 26500 full risk!--New high levels are formed every day but the fear of selling and profit booking are still haunting the market sentiment and small traders and buyers are not having guts and confidence to make fresh buying at these levels which is good also for them. Profit booking is over due and may be seen too. Markets may open flat/positive for today and may remain in a positive mode above 26600. Cross over of 26750 now will confirm firm trend for 27000 also and break of 26600 may be risky. Trading plan for today-Following action plan may be followed by day traders for today------- Select PSU stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7960 for the target of 8050 and above. Sell below 7960 for the target of 7890 and below FMCG stocks may provide better opportunity for day traders on both side Avoid CEMENT stocks for today
	SAFE STOCK---HAVELLS
	HAVELLS is ruling around the level of 284 and look to be good for the target of 300  in any case in due course