6-1-2015

Headlines ------ 6th Jan -2015

	MARKET MOVEMENT
	27900 is crucial now, below this no strength, over it 28500 certain!----Markets could not sustain above the level of 27900 despite initial strength yesterday and closed below the level of 27900 which is not a good sign as it shows lack of confidence among the large players who started booking of profits above 28000 level. Watch and trade with caution till it is below 27900.  Markets may open flat for today and may remain in a tight range although the level of 27900 will decide its fate. No risk over it and no strength below this level may be seen for the day.. Trading plan for today-Following action plan may be followed by day traders for today------- Select FMCG stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8420 for the target of 8500 and above. Sell below 8420 for the target of 8360 and below METAL stocks may provide better opportunity for day traders on both side Avoid TELECOM stocks for today
	SAFE STOCK---CADILA
	CADILA is ruling around the level of 1697 and look to be good for the target of 1750  in any case in due course