TRADING PLAN FOR 2-2-15

Headlines ------ 2nd Feb -2015

	MARKET MOVEMENT
	No strength below 29250 now, remain alert and avoid positions?---- As expected and written too on Friday, markets went under heavy selling pressure and index broken by 500 points in a single day. This was not unexpected. Now, be alert and avoid positions for day trades.  Markets may open flat for today and may remain in a mood of caution. No major rise may be possible till index remain below 29250 and break of 29110 may invite further selling pressure. Trading plan for today-Following action plan may be followed by day traders for today------- Select FINANCE stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8800 for the target of 8860 and above. Sell below 8800 for the target of 8730 and below REAL ESTATE stocks may provide better opportunity for day traders on both side Avoid METAL stocks for today
	SAFE STOCK---REL INFRA
	REL INFRA is ruling around the level of 508 and look to be good for the target of 520  in any case in due course