TRADING PLAN FOR 27-2-15

Headlines ------27th Feb -2015

	MARKET MOVEMENT
	Markets in a panic zone, be alert, do not buy and watch only?---- No strength is seen in markets below 29000 and its run below 28750 will indicate further weakness also. Be alert and avoid buying anything although good chances of annual budget are seen giving a fast run to the markets on Saturday.  Markets may open flat for today with a mood of caution but the trend may not be stable and will remain weak below 28750. Trading plan for today-Following action plan may be followed by day traders for today------- Select IT stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8670 for the target of 8750 and above. Sell below 8670 for the target of 8600 and below CAPITAL GOODS stocks may provide better opportunity for day traders on both side Avoid METAL stocks for today
	SAFE STOCK---LUPIN
	LUPIN is ruling around the level of 1702 and look to be good for the target of 1730  in any case in due course