MARKETS FOR 20-10-2014

Headlines ------ 20th Oct 2014

	MARKET MOVEMENT
	Recovery likely from low levels, 26000 will remain crucial!--Markets are looking to be over sold and now may show recovery further from the level of 26000. Below this, no strength seen and it may break 25500 also but above 26100, these are good for 26800 also in any case. Markets may open flat/positive for today and no risk will be seen above the level of 26100. below 26100, it remain week for 25700 also but over 26200 it is good for 26450 and above also. Trading plan for today-Following action plan may be followed by day traders for today------- Select BANKING stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7800 for the target of 7860 and above. Sell below 7800 for the target of 7750 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid PSU OIL stocks for today
	SAFE STOCK---EMAMI
	EMAMI is ruling around the level of 738 and look to be good for the target of 760  in any case in due course