HEADLINES- 1-8-2014

26000 is a turning point, below this level, no strength seen!--Level of 26000 is now very crucial as the sentiment will remain weak below this level. Selling may increase although there look to be no reason for any major down fall. Correction at this stage may ultimately good for the MARKETS. Markets may open flat/positive for today and may remain in a mood of caution. TRADE with suitable stop loss and in less quantity being the first and uncertain day of new series. Trading plan for today-Following action plan may be followed by day traders for today------- Select PVT. BANKS stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7720 for the target of 7790 and above. Sell below 7720 for the target of 7680 and below OIL PSUs stocks may provide better opportunity for day traders on both side Avoid METAL stocks for today