trading plan for 28-5-15

MARKET MOVEMENT
	27500 is still crucial, wait and watch till tomorrow?---- Index could close in green yesterday amid high volatility and uncertainty as predicted for yesterday. Level of 27500 is still crucial although it closed above this level yesterday. Volatility may be high even today.  Markets may open flat for today and may remain in a volatile and uncertain mode. Trade with caution although time is good for buying good stocks for medium and long term. 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 8320 for the target of 8400 and above. Sell below 8320 for the target of 8260 and below BANKING stocks may provide better opportunity for day traders on both side Avoid REAL ESTATE stocks for today
	SAFE STOCK---MAX
	MAX is ruling around the level of 480 and look to be good for the target of 490  in any case in due course