TRADING PLAN FOR 8-10-2014

MARKET MOVEMENT
	26250 crucial, below this, 26000 will be certainty !-- Markets are in a jitter, selling is unabated, pressure is mounting to book profits as much as possible, positive triggers are missing. All these are suggesting to refrain from buying for the time being. Wait for the right time which is not very far. Rise will be seen again but wait for little more for this. Markets may open flat/negative for today and no risk will be seen above the level of 26250. below 26250, it remain week for 26000 also. Trading plan for today-Following action plan may be followed by day traders for today------- Select TELECOM stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7870 for the target of 7920 and above. Sell below 7870 for the target of 7820 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid AUTO stocks for today
	SAFE STOCK---JUST DIAL
	JUST DIAL is ruling around the level of 1705 and look to be good for the target of 1750  in any case in due course