trading plan for 5-8-15

Headlines ------ 5th Aug -2015

	MARKET MOVEMENT
	28000 is a crucial support, if broken, may create extreme pressure?---- 28000 is a major support of the markets at this juncture and if it is broken then it may take it to 27750 also once again. Over 28000, no risk is seen and it may bounce back to 28250 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/positive for today and mayremain good over 28000 for the day. Cross over of 28100 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 8540 for the target of 8600 and above. Sell below 8540 for the target of 8470 and below MID CAPS stocks may provide better opportunity for day traders on both side Avoid CEMENT 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