MARKETS 11-9-2014

Headlines ------ 11th Sep 2014

	MARKET MOVEMENT
	Break of 27000 may change the sentiment, caution must!--Break of the support of 27000 may be negative for the sentiment of markets although selling and profit booking was looking to be a must and we have been sounding also for this from the last week itself. Play safe, do not accumulate, trade for the day only in selective stocks. Markets may open flat for today and may remain in auncertain zone. Break of 27000 on opening may signal weakness although over 27080 it remain safe for trading on the long side in select stocks. 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 8100 for the target of 8160 and above. Sell below 8100 for the target of 8070 and below OIL PSU stocks may provide better opportunity for day traders on both side Avoid METAL stocks for today
	SAFE STOCK---BIOCON
	BIOCON is ruling around the level of 504 and look to be good for the target of 540  in any case in due course