HEADLINES 28-8-2014

Headlines ------ 28th Aug 2014

	MARKET MOVEMENT
	No risk over 26400 but buying need caution!--Markets look safe over 26400 but buying at these levels look risky. Many news are coming for the Nifty to cross 8400, 9000 and 10000 also. This may happen but will not be possible unless it breaks 7500 once and face heavy dose of profit booking. Markets may open flat/positive for today and may remain in a volatile mode. No clear trend may emerge and break of 26500 may indicate for further fall in it. Trading plan for today-Following action plan may be followed by day traders for today------- Select CAPITAL GOODS stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7910 for the target of 7960 and above. Sell below 7910 for the target of 7850 and below FINANCE stocks may provide better opportunity for day traders on both side Avoid METAL stocks for today
	SAFE STOCK---MMTC
	MMTC is ruling around the level of 74 and look to be good for the target of 90  in any case in due course