MARKET IDEAS FOR 6-2-15

Headlines ------6th Feb -2015

	MARKET MOVEMENT
	Markets may not perform well, keep track and avoid overtrading?---- Selling is continued on recovery also and may be continued today also although rise may be seen above 28950 level. Do not carry overnight positions and go for day trades only.  Markets may open flat for today and may remain in uncertain and weak mode. Volatility may also be seen with some of the stocks showing buying also. 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 8720 for the target of 8750 and above. Sell below 8720 for the target of 8680 and below IT stocks may provide better opportunity for day traders on both side Avoid AIRLINE stocks for today
	SAFE STOCK---RAYMOND
	RAYMOND is ruling around the level of 530 and look to be good for the target of 550  in any case in due course