MARKET STRATEGY FOR 24-12-2014

Headlines ------ 24th Dec 2014

	MARKET MOVEMENT
	Holiday season--no major rise look possible, trade with alert!---- Last few days of 2014! holiday season is already on--volumes are not much, buying is almost suspended and reshuffling is going on. No major rise look possible now, trade with caution and alert and avoid overnight positions.  Markets may open flat for today and may remain safe only above 27500. Below this level, no strength may be seen and index may break the level of 27300 also once again but above 27500, it may show 27750 also. Trading plan for today-Following action plan may be followed by day traders for today------- Select PHARMA stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8280 for the target of 8350 and above. Sell below 8280 for the target of 8220 and below TELECOM stocks may provide better opportunity for day traders on both side Avoid AIRLINE stocks for today
	SAFE STOCK---ONGC
	ONGC is ruling around the level of 354 and look to be good for the target of 380  in any case in due course