Headlines ------ 2nd July -2015

MARKET MOVEMENT

28000 completed as predicted for yesterday, now caution ?---- As predicted for yesterday, index could cross over to the level of 28000 and Nifty closed above 8450. Level of 28000 need caution as traders may like to book profit once before the referendum in Greece. Stay alert and avoid multiple positions at a time. Index will again touch 30000 before the end of this year but no one know whether it will return from25000 or any other level but 25000 is the lowest!  Markets may open flat/positive for today and mayremain good so long the level of 28000 is intact. Below this also, no major risk is seen till any new negative trigger comes. Over this level, we are ready for 28250 also. 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 8440 for the target of 8500 and above. Sell below 8440 for the target of 8380 and below BANKING stocks may provide better opportunity for day traders on both side Avoid CEMENT stocks for today