MARKET MOVEMENT 16-1-2015

Headlines ------ 16th Jan -2015

	MARKET MOVEMENT
	10000, 20000 and 30000 not far away, wait only till budget!---- We have written last week and this week too that cross over of 27500 shall lead to 28000. Only difference was we did not expected so sharp a rally which was fueled by RBI. Indexes are set for the levels of 10000, 20000 and 30000 around Budget this year but be cautious in Buying and concentrate only on good quality stocks.  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 28250 for today. Trading plan for today-Following action plan may be followed by day traders for today------- Select REAL ESTATE stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8520 for the target of 8600 and above. Sell below 8520 for the target of 8440 and below AUTO stocks may provide better opportunity for day traders on both side Avoid AIRLINES stocks for today
	SAFE STOCK---SBI
	SBI is ruling around the level of 320 and look to be good for the target of 350  in any case in due course