market idea for 6-4-15

	MARKET MOVEMENT
	No risk over 28250, strength over 28350 remain intact---- Markets are once again in positive bias and buying could emerge last week from the oversold levels. No risk is seen so long the index remain above the level of 28250 but break below this level is serious once again.  Markets may open flat/positive for today and may remain in recovery mode. Strength may be seen above 28250 and below 28250, it remain weak for 28000 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 8580 for the target of 8670 and above. Sell below 8580 for the target of 8520 and below FMCG stocks may provide better opportunity for day traders on both side Avoid AIRLINE stocks for today
	SAFE STOCK---RANBAXY
	RANBAXY is ruling around the level of 860 and look to be good for the target of 900  in any case in due course