TRADING IDEA FOR 7-11-2014

Headlines ------ 7th Nov 2014

	MARKET MOVEMENT
	No risk over 28000 but this level is a resistance too now!--Index is now around 28000 and may cross over also above this level but this may be a very big hurdle too as profit booking around this level will surely hit the markets although its pressure may not be intense and may remain stock specific. Markets may open flat/positive for today and no risk will be seen above the level of 27950. But below 27950, it remain week for 27700 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 8350 for the target of 8400 and above. Sell below 8350 for the target of 8280 and below MID CAPS stocks may provide better opportunity for day traders on both side Avoid CEMENT stocks for today
	SAFE STOCK---TALWALKAR
	TALWALKAR is ruling around the level of 222 and look to be good for the target of 240  in any case in due course