market idea for 22-5-15

Headlines ------ 22nd May -2015

	MARKET MOVEMENT
	No major risk is seen till index remain above 27750 level?---- Selling in between rise in markets is nothing unusual. On 18th, we wrote that index will touch 27800 and it was at this level yesterday. Now, 27750 will remain crucial today and break of it will drag it down further but above 27800 no risk is seen for 28000 too.  Markets may open flat for today and may remain in positive but break of 27750 is not good. Trade with caution and stop loss levels only. 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 8410 for the target of 8490 and above. Sell below 8410 for the target of 8330 and below PHARMA 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 160  in any case in due course