HEADLINES 18-8-2014

MARKET MOVEMENT

No risk seen above 26000, next may be 26400 also!--Markets are once again on the right track and buying is emerging in select good quality stocks. Valuations are changing and fundamentals are improving in the changed atmosphere. Risk is not seen above 26000 and next target of the index look to be 26400-16500. Markets may open flat/positive for today and may remain in a positive trend so long the level of 26100 is intact. Break of 26050 will indicate further weakness. Trading plan for today-Following action plan may be followed by day traders for today------- Select PHARMA stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7810 for the target of 7900 and above. Sell below 7810 for the target of 7770 and below BANKING stocks may provide better opportunity for day traders on both side Avoid AIRLINE stocks for today