trading plan for 24-9-15

Headlines ------ 24th Sep -2015

	MARKET MOVEMENT
	Volatility and uncertainty may remain high, avoid overnight positions?----Settlement today and long weekend may create uncertainty and volatility. Avoid overnight positions for the long weekend and book positions quickly. Long term outlook of the markets is still intact but short term outlook is risky. 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. On 7th Sep 2015, index went below 25000 confirming our calculations and predictions)  Markets may open flat/negative  today and mayremain good only over 25750 for the day. Break below 25750 may take it to 25500 and below also in any case . Trading plan for today- Select FMCG stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7830 for the target of 7900 and above. Sell below 7830 for the target of 7750 and below IT stocks may provide better opportunity for day traders on both side Avoid REAL ESTATE stocks for today
	SAFE STOCK---JUBILANT
	JUBILANT is ruling around the level of 364 and look to be good for the target of 380  in any case in short termand 450 in long term