trading plan for 27-4-15

Headlines ------ 27th Apr -2015

	MARKET MOVEMENT
	No strength now below 27500, stay alert below this for 27000 also----Markets are in deep red and every support is breaking like anything under heavy selling pressure. This may continue so long the index remain below 27500 and may lead to 27000 also. Strength may be seen only above 27500 now.  Markets may open flat for today and may remain in uncertain mode. No rise or recovery will sustain below 27500. Trade with extreme caution and try to exit as early as possible so that trade is not trapped in a sudden move. Trading plan for today-Following action plan may be followed by day traders for today------- Select IT stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8300 for the target of 8380 and above. Sell below 8300 for the target of 8220 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid AUTO stocks for today
	SAFE STOCK---LUPIN
	LUPIN is ruling around the level of 1758 and look to be good for the target of 1790  in any case in due course