Headlines ------ 3rd July -2015

MARKET MOVEMENT

Caution is the key always in speculative markets?---- We could see pressure on the markets yesterday as written in these lines. No strength is seen below 28000 for today and it may go down further below this level. Buying positions remain valid only above this level. As an exception, it may show big rise also today with off course, a remote possibility. 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 for today and may remain dull and uncertain. Profit booking is likely in over priced stocks but no risk will be seen above 28000. Trading plan for today- Select METAL stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8420 for the target of 8480 and above. Sell below 8420 for the target of 8360 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid SHIPPING stocks for today