| Headlines ------ 12th Nov 2014 |
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 | MARKET MOVEMENT |
Level of 28000 is crucial, book profits timely and wait for fresh buying!--Markets are not bad nor weak but may face resistance at the level of 28000 which look to be crucial at present as profit booking is due at this level and is seen also almost everyday but selectively. No major risk will be seen above 27850 but break of this level may invite risk.
Markets may open flat for today and may remain in a range although above 28000, it may gain further strength for smart rise in those stocks which have not performed so far.
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 8390 for the target of 8440 and above. Sell below 8390 for the target of 8345 and below
METAL stocks may provide better opportunity for day traders on both side
Avoid PHARMA stocks for today
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| SAFE STOCK---IGL |
IGL is ruling around the level of 430 and look to be good for the target of 460 in any case in due course
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