trading plan for 19-8-15

Headlines ------ 19th Aug -2015

	MARKET MOVEMENT
	27750 will prove decisive, below this, major fall likely?---- 27750 could not be broken yesterday despite weakness in markets and this will prove to be crucial for today also. Over 27900 risk will be minimum. 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 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 PSU OIL stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8460 for the target of 8520 and above. Sell below 8460 for the target of 8410 and below PSU stocks may provide better opportunity for day traders on both side Avoid AUTO stocks for today
	SAFE STOCK---ENGG INDIA
	ENGG INDIA is ruling around the level of 212 and look to be good for the target of 230  in any case in short term and 300 in long term