Headlines ------ 30th Mar -2015

MARKET MOVEMENT

Recovery possible but stay alert for 27350 level if broken---- No rise or recovery is able to sustain as the institutions are booking profits almost every day and are exiting large positions giving them huge profits. This may continue further and may be seen in this week also although recovery in between is not ruled out.  Markets may open flat/possible for today and may remain in uncertain mode. Strength may be seen above 27500 and below 27500, it remain weak for 27000 also. Trading plan for today-Following action plan may be followed by day traders for today------- Select PHARMA stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8330 for the target of 8410 and above. Sell below 8330 for the target of 8220 and below AUTO stocks may provide better opportunity for day traders on both side Avoid METAL stocks for today