MARKET MOVEMENT for 16-4-15

Risk below 28750, good over 28900, trend uncertain and volatile---- Correction could be seen yesterday after smart rise of few days although it is still not so alarming. Risk will be seen if it breaks below 28750 today at the close. Above 28900, no risk is seen although trend will be uncertain and volatile.  Markets may open flat for today and may remain in uncertain mode. Some of the sectors may show recovery although the strength may be missing. 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 8770 for the target of 8820 and above. Sell below 8770 for the target of 8700 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid REAL ESTATE stocks for today