market idea for 13-5-15

Headlines ------ 13th May -2015

	MARKET MOVEMENT
	27500 seen but could not sustain, close below 27000 is a risk?---- Markets are showing zig-zag movements and uncertainty is very high giving only losses to the traders at least. Confidence is missing in the markets and institutions are afraid of many things including capability of Modi Govt. to push reforms.  Markets may open flat for today and may remain in a state of uncertainty. Recovery may be seen from the low levels but no strength is seen below 27000 at least for today. Trading plan for today-Following action plan may be followed by day traders for today------- Select FMCG stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8120 for the target of 8170 and above. Sell below 8120 for the target of 8050 and below AUTO stocks may provide better opportunity for day traders on both side Avoid METAL stocks for today
	SAFE STOCK---IDFC
	IDFC is ruling around the level of 154 and look to be good for the target of 165  in any case in due course