MARKET MOVEMENT 2-9-2014

Headlines ------ 2nd Sep 2014

	MARKET MOVEMENT
	27000 very near, may be seen any time, buy with caution only!--Markets are over charged and may cross over 27000 also any time and any day. Buying need caution and stop loss too but must be done for the day only as the markets are at its all time high and any correction at this stage may trap the small investors for long time also. Markets may open flat/positive for today and may remain in a positive mode above 26800. Cross over of 26880 now will confirm firm trend for 27000 also and break of 26800 may be risky. 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 8040 for the target of 8120 and above. Sell below 8040 for the target of 7990 and below TELECOM stocks may provide better opportunity for day traders on both side Avoid AIRLINE stocks for today
	SAFE STOCK---WOCKHARDT
	WOCKHARDT is ruling around the level of 710 and look to be good for the target of 760  in any case in due course