MARKET IDEA FOR 16-3-15

Headlines ------ 16th Mar -2015

	MARKET MOVEMENT
	Time for buying again but with great caution only---- Sharp fall in the markets during last week is giving opportunities once again to the wise investors but caution will be a must. No major risk is seen at present levels too but indexes may go down further for any reason and every decline will give opportunity for further buy and averaging.  Markets may open flat for today and may remain in a mood of extreme caution. Trade for the day with stop loss levels in good stocks but avoid taking the positions overnight. 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 8630 for the target of 8700 and above. Sell below 8630 for the target of 8560 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid AUTO stocks for today
	SAFE STOCK---BAJAJ ELEC
	BAJAJ ELEC is ruling around the level of 216 and look to be good for the target of 228  in any case in due course