HEADLINES- 7-8-2014

MARKET MOVEMENT
	No strength seen for the time being, stay alert, watch 25500-25750!--Markets are once again in the grip of fears. Statement of RBI Governor about major fall in world markets is serious. Positive triggers are missing. Govt. look unable to carry on with many of the Bills like Insurance FDI. These reasons are not good for share markets. Avoid long term buying. Markets may open flat/negative for today and may remain in a volatile mode but in an uncertain trend. Trade with suitable stop loss only and exit quickly in profit. Trading plan for today-Following action plan may be followed by day traders for today------- Select PHARMA stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7680 for the target of 7750 and above. Sell below 7680 for the target of 7630 and below FMCG stocks may provide better opportunity for day traders on both side Avoid BANKING stocks for today
	SAFE STOCK---BHARTI
	BHARTI is ruling around the level of 368 and look to be good for the target of 380  in any case in due course