trading plan for 18-8-15

Headlines ------ 18th Aug -2015

	MARKET MOVEMENT
	No major risk till 27750 is protected, below this, major fall likely?---- Level of 28000 could not sustained yesterday and it went to the low of 27750 also as expected and written here in these lines for yesterday. Level of 27750 will be crucial for today also as iots break will invite heavy selling also. Over 28850, no risk is seen for today and it may be good for 28000 and above also. 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 today and may remain good over 27800 for the day. Cross over of 27850 may take it to 28050 and above also or else it is likely to break 27650 again. Trading plan for today- Select BANKING stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8480 for the target of 8550 and above. Sell below 8480 for the target of 8430 and below PSU stocks may provide better opportunity for day traders on both side Avoid PHARMA stocks for today
	SAFE STOCK---MOTHERSON
	MOTHERSON is ruling around the level of 343 and look to be good for the target of 360  in any case in short term and 450 in long term