MARKET IDEAS FOR 23-9-2014

Headlines ------ 23rd Sep 2014

	MARKET MOVEMENT
	High volatility, 27000 level and much more in store!--Level of 27000 could be protected yesterday amid high volatility and index made a swing of over 300 points. Trend is still uncertain and is not one side showing that selling is continued and short covering too had started. Be cautious and trade in select stocks only. Markets may open flat for today and no risk will be seen above the level of 27200. over 27250, it remain good for 27350 also. Trading plan for today-Following action plan may be followed by day traders for today------- Select OIL PSU stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8160 for the target of 8220 and above. Sell below 8160 for the target of 8100 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid FMCG stocks for today
	SAFE STOCK---I G L
	I G L is ruling around the level of 418 and look to be good for the target of 450  in any case in due course