trading plan for 4-8-15

Headlines ------ 4th Aug -2015

	MARKET MOVEMENT
	RBI policy announcement to play major role now?---- RBI announcement for the rates policy is due for today and this will be a trigger both sides. Volatility may be seen before this and after announcement, market will try to stable on either side. Play safe and trade in safe and sound stocks only. 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 PHARMA stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 8570 for the target of 8630 and above. Sell below 8570 for the target of 8470 and below I T stocks may provide better opportunity for day traders on both side Avoid AIRLINES stocks for today
	SAFE STOCK---GLENMARK
	GLENMARK is ruling around the level of 1000 and look to be good for the target of 1040  in any case in short term and 1200 in long term