MARKET MOVEMENT FOR 18-2-15

MARKET MOVEMENT
	Strength only over 29250, risk below 29000 now?---- Crucial levels are seen now in markets and the range of 29000-29250 will decide the course of action now. No major risk is seen at present level also but caution and stop loss levels are a must for the day traders as volatility is likely to increase.  Markets may open flat/positive for today and may remain in in the range of 28100-28300. Move outside this range will be decisive. Trading plan for today-Following action plan may be followed by day traders for today------- Select PSU stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8820 for the target of 8890 and above. Sell below 8820 for the target of 8770 and below SHIPPING stocks may provide better opportunity for day traders on both side Avoid PHARMA stocks for today
	SAFE STOCK---CEAT
	CEAT is ruling around the level of 816 and look to be good for the target of 835  in any case in due course