trading plan for 10-8-15

Headlines ------ 10th Aug -2015

	MARKET MOVEMENT
	Closed just below the resistance level of 28250?---- Level of 28250 is crucial for this week and cross over of it with volumes only will give strength to the markets which is missing despite buying coming in most of the stocks. This level will decide the course of action now. 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 good over 28250 for the day. Cross over of 28250 may take it to 28500 and above also or else it is likely to break 28000. Trading plan for today- Select CEMENT stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8580 for the target of 8640 and above. Sell below 8580 for the target of 8520 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid PSU BANKS stocks for today
	SAFE STOCK---HEXAWARE
	HEXAWARE is ruling around the level of 278 and look to be good for the target of 290  in any case in short term and 380 in long term