MARKET HEADLINES 14-10-2014

MARKET MOVEMENT
	Markets in a fix but safe for long term, trade with caution !-- Markets are in a fix and in a grip of opposite powers i.e. sellers and buyers both are active now. One of the strong category is booking profit and the other is buying at low levels. Small traders are in a confusion and are incurring losses only on day trades due to uncertainty and volatility. This may continue today also. Markets may open flat/positive for today and no risk will be seen above the level of 26400. below 26400, it remain week for 26200 also but over 26400 it is good for 26600 and above also. Trading plan for today-Following action plan may be followed by day traders for today------- Select MID CAPS stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7910 for the target of 7980 and above. Sell below 7910 for the target of 7850 and below BANKING stocks may provide better opportunity for day traders on both side Avoid ENGG stocks for today
	SAFE STOCK---STAR
	STAR is ruling around the level of 784 and look to be good for the target of 800  in any case in due course