HEADLINES 29-10-2014

Headlines ------ 29th Oct 2014

	MARKET MOVEMENT
	Fears may continue in markets for today, volatility high!--Disclosures of names of those having illegal foreign accounts is haunting the markets and may be seen today also although there seems to be no risk above the level of 26850 and above 26900 it may cross 27000 also in any case. Markets may open flat for today also and no risk will be seen above the level of 26850. But below 26850, it remain week for 26700 also and over 26850 it is good for 27100 and above 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 8030 for the target of 8090 and above. Sell below 8030 for the target of 7980 and below BANKING stocks may provide better opportunity for day traders on both side Avoid RELIANCE stocks for today
	SAFE STOCK---OBC
	OBC is ruling around the level of 278 and look to be good for the target of 290  in any case in due course