TRADING PLAN FOR 10-10-2014

Headlines ------ 10th Oct 2014

	MARKET MOVEMENT
	Recovery seen and may continue also but caution today !-- As expected and written yesterday in these lines, recovery could be seen in markets and levels were up sharply. Index could also closed above the level of 26600 recording a rise of around 400 points in a single day. Markets may open flat/positive for today and no risk will be seen above the level of 26600. below 26600, it remain week for 26400 also but over 26650 it is good for 26800 and above also. Trading plan for today-Following action plan may be followed by day traders for today------- Select CAPITAL GOODS stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8000 for the target of 8080 and above. Sell below 8000 for the target of 7930 and below AUTO stocks may provide better opportunity for day traders on both side Avoid FMCG stocks for today
	SAFE STOCK---RAYMOND
	RAYMOND is ruling around the level of 463 and look to be good for the target of 490  in any case in due course