HEADLINES 20-8-2014

Headlines ------ 20th Aug 2014

MARKET MOVEMENT

Now need caution in markets for profit booking anytime!--Markets have run a lot after the last dose of profit booking was seen. Now, these are ready for profit booking anytime and any day! Be ready for this and avoid buying in large cap stocks as the pressure this time may be more and intense too. Trade with caution and stop loss only for day positions. Markets may open flat/negative for today and may remain in a tight range although rise may not be easy. No major positive trigger is seen. Break of 26400 may be negative for today. Trading plan for today-Following action plan may be followed by day traders for today------- Select PSU OIL stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7910 for the target of 7970 and above. Sell below 7910 for the target of 7850 and below POWER stocks may provide better opportunity for day traders on both side Avoid CEMENT stocks for today