market view for 7-5-15

Headlines ------ 7th May -2015

	MARKET MOVEMENT
	Over reaction by share markets, 27000 still crucial, stay alert?---- Share markets are over reacting everything now due to advantages being taken by large investors and investors. Sentiment too is not very good and expectations from this Govt. are being felt to be shattered. Stay alert for ant sharp movement any side and any time.  Markets may open flat for today and may remain good so long the level of 26700 is seen on the board. Below 26700 it may go down to 26300 also. Over 26750, it remain good for 27000 and above once again. 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 8080 for the target of 8180 and above. Sell below 8080 for the target of 8000 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid CEMENT stocks for today
	SAFE STOCK---PVR
	PVR is ruling around the level of 648 and look to be good for the target of 660  in any case in due course