MARKET MOVEMENT FOR 29-9-2014

Headlines ------ 29th Sep 2014

	MARKET MOVEMENT
	Markets at crossroads, volatility to continue with selective trades !-- Markets are once again at the crossroads i.e. between 26500 and 26750 with a closing at 26659 on Friday. this is a stage of nowhere and movement may be seen on either side although chances for a recovery to continue are very bright. Play safe, buy less and exit quickly. Markets may open flat/positive for today and no risk will be seen above the level of 26700. below 26700, it remain week for 26500 also. Trading plan for today-Following action plan may be followed by day traders for today------- Select BANKING stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7980 for the target of 8080 and above. Sell below 7980 for the target of 7950 and below CAPITAL GOODS stocks may provide better opportunity for day traders on both side Avoid FINANCE stocks for today
	SAFE STOCK---HAVELLS
	HAVELLS is ruling around the level of 260 and look to be good for the target of 280  in any case in due course