MARKET LEVELS FOR 9-3-15

Headlines ------ 9th Mar -2015

	MARKET MOVEMENT
	High volatility with uncertainty may prevail but safe over 29400---- Markets are in a fix. Higher levels are not able to sustain and the institutions seems to have lost confidence now in markets. Every high level is attracting profit booking showing clearly that rise may not sustain easily and close above 30000 may be quite far away. Stay alert and trade with caution.  Markets may open flat/negative for today with a feel of caution although buying at lower levels will also emerge in select stocks. 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 8980 for the target of 9070 and above. Sell below 8980 for the target of 8880 and below OIL PSU stocks may provide better opportunity for day traders on both side Avoid METAL stocks for today
	SAFE STOCK---CIPLA
	CIPLA is ruling around the level of 732 and look to be good for the target of 800  in any case in due course