MARKET IDEA FOR 19-1-15

Headlines ------ 19th Jan -2015

	MARKET MOVEMENT
	Play safe, next resistance level is very near, risk below 28000 only!---- Markets are very near to its next resistance zone of 28200-28300 and may react also in case of selling pressure is seen in this range. No risk is seen till 28000 is intact. Play safe with stop loss levels.  Markets may open flat/positive for today and may remain good also although some of the stocks may face some profit selling also. No major risk will be seen above 28200 for today. Trading plan for today-Following action plan may be followed by day traders for today------- Select AUTO stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8540 for the target of 8600 and above. Sell below 8540 for the target of 8470 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid AIRLINES stocks for today
	SAFE STOCK---RANBAXY
	RANBAXY is ruling around the level of 647 and look to be good for the target of 660  in any case in due course