trading plan for 28-8-15

Headlines ------ 28th Aug -2015

	MARKET MOVEMENT
	No risk over 26250 but 26000 will be a major support?---- Stock markets look to be in control as per the trend seen yesterday but major portion of the recovery goes to short covering and not buying so caution is intact. Keep watch on 26000 although above 26250 it look to be safe. 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!(these lines were posted by us in May 2015 and on 24th Aug, we have seen major bloodshed in Dalal Street at a very close level of  25000. 30000 is yet to be seen)  Markets may open flat today and may remain good over 26250 for the day. Cross over of 26300 may take it to 26450 and above also or else it is likely to break 26000 again. Trading plan for today- Select AUTO stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7960 for the target of 8070 and above. Sell below 7960 for the target of 7900 and below PHARMA stocks may provide better opportunity for day traders on both side Avoid FMCG stocks for today
	SAFE STOCK---MOTHERSON
	MOTHERSON is ruling around the level of 314 and look to be good for the target of 325  in any case in short term and 370 in long term