trading plan for 3-8-15

Headlines ------ 3rd Aug -2015

	MARKET MOVEMENT
	No risk over 28000, next may be 28500 also now?---- Markets have closed on a highly positive note on Friday and the outlook turned to be positive but rule says that never believe what others want you to believe! No risk is seen above 28000 and over 28250, next is 28500 and above. 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/positive for today and mayremain good over 28100 for the day. Cross over of 28150 may take it to 28250 and 28400 also. 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 8550 for the target of 8630 and above. Sell below 8550 for the target of 8470 and below AUTO stocks may provide better opportunity for day traders on both side Avoid REAL ESTATE stocks for today
	SAFE STOCK---SBI
	SBI is ruling around the level of 270 and look to be good for the target of 290  in any case in short termand 330 in long term