| eadlines ------ 12th Sep 2014 |
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 | MARKET MOVEMENT |
Markets at crucial point, stock specific activities likely!--Markets are at a crucial point now and no clear direction is emerging. No major trigger is seen for any big rise and profit booking is seen almost every day although in selective stocks only. Caution is a must at this level.
Markets may open flat for today and may remain in auncertain zone. Below the level of 27000 no strength is seen although above this level, some rise may be possible selectively.
Trading plan for today-Following action plan may be followed by day traders for today-------
Select AUTO ANCILLARY stocks may remain good for day trades in view of high volatility for today
Trade Nifty with stop loss of 8090 for the target of 8150 and above. Sell below 8090 for the target of 8050 and below
FMCG stocks may provide better opportunity for day traders on both side
Avoid CEMENT stocks for today
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