7-10-2014 MARKET MOVEMENT

Headlines ------ 7th Oct 2014

	MARKET MOVEMENT
	No strength below the level of 26500, good only over 26620 !-- Strength if any will now be seen in markets above the level of 26620 for today and break of 26500 may invite selling pressure. No major positive is seen for any great rise but above 26620, buying may emerge once again. Markets may open flat/positive for today and no risk will be seen above the level of 26620. below 26500, it remain week for 26300 also. Trading plan for today-Following action plan may be followed by day traders for today------- Select I T stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7940 for the target of 7990 and above. Sell below 7940 for the target of 7910 and below MID CAPS stocks may provide better opportunity for day traders on both side Avoid METAL stocks for today
	SAFE STOCK---CYIENT
	CYIENT is ruling around the level of 470 and look to be good for the target of 484  in any case in due course