MARKET MOVEMENT 8-9-2014

Headlines ------ 8th Sep 2014

	MARKET MOVEMENT
	27000 is a support and a resistance too at this juncture!--Level of 27000 is crucial. It is a support and a resistance both. Chances of rise above this level are less while that of decline are more as many of us are waiting for booking of profit and look to be fed up of the constant rise also! be cautious and book profit as much as you can? Markets may open flat for today and may remain in a range bound zone and break of 27000 may confirm weakness. Over 27100, it remain safe for 27250 also. 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 8090 for the target of 8150 and above. Sell below 8090 for the target of 8040 and below PSU stocks may provide better opportunity for day traders on both side Avoid REAL ESTATE stocks for today
	SAFE STOCK---HAVELLS
	HAVELLS is ruling around the level of 278 and look to be good for the target of 300  in any case in due course