HEADLINES FOR 29-12-2014

	MARKET MOVEMENT
	27250-27500 crucial although trend may be sluggish below 27250!---- Last moment recovery on last Friday may not be an indicator of strength in markets as this was lead by PSU and Banking stocks and was not an overall trend of the markets. Caution is needed in other sectors as well as below 27250 in view of last few trading sessions of this year.  Markets may open flat/positive for today and may remain safe only above 27250. Below this level, no strength may be seen and index may break the level of 27000 also once again but above 27250, it may show 27500 also. Trading plan for today-Following action plan may be followed by day traders for today------- Select PSU stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8240 for the target of 8320 and above. Sell below 8240 for the target of 8160 and below BANKING stocks may provide better opportunity for day traders on both side Avoid CEMENT stocks for today
	SAFE STOCK---REC
	REC is ruling around the level of 335 and look to be good for the target of 355  in any case in due course