MARKET VIEW 3-9-2014

Headlines ------ 3rd Sep 2014

	MARKET MOVEMENT
	27000 seen, now real test will start for the markets!--As expected and written for yesterday, level of 27000 is seen and now the real test of markets will start as this level will act as a major support as well as a major resistance. Profit booking if not seen around this level, then the scene will be highly risky for further rise and if profit booking is seen around this level, then we may expect another high of 28000 also. Markets may open flat/positive for today and may remain in a positive mode above 27000 only. Break of this level may invite weakness due to selling and profit booking which is over due now. Trading plan for today-Following action plan may be followed by day traders for today------- Select TELECOM 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 8180 and above. Sell below 8090 for the target of 8020 and below PSU OIL stocks may provide better opportunity for day traders on both side Avoid AIRLINE stocks for today
	SAFE STOCK---ONGC
	ONGC is ruling around the level of 442 and look to be good for the target of 460  in any case in due course