trading plan for 5-6-15

Headlines ------ 5th June -2015

	MARKET MOVEMENT
	Markets heavily oversold, recovery due any time now?---- Markets are now looking to be heavily oversold. Recovery is due and may be seen any time and any day. Monsoon factor is over played and will nor fade away. Buying shall emerge at low level although risk of fall shall remain intact below 8080 level.  Markets may open flat/positive for today and mayremain in good so long the level of 26750 is intact and above 26850 it is good for 27200 also in any case. Trading plan for today-Following action plan may be followed by day traders for today------- Select BANKING 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 8230 and above. Sell below 8120 for the target of 8000 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid REAL ESTATE stocks for today
	SAFE STOCK---BHEL
	BHEL is ruling around the level of 247 and look to be good for the target of 270  in any case in short term