MARKET MOVEMENT FOR 22-8-2014

MARKET MOVEMENT

No risk over 26400 but caution must below this level for today!--Profit booking as well as buying both are continued selectively in markets. No major risk will be felt till index remain above 26400 but below this level, risk remain for 26200 and below also under pressure of selling. Markets may open flat/positive for today and may remain in a mode of uncertainty but above 26400, no risk is found except of selective trading. Being the last day of week, caution must for day traders. Trading plan for today-Following action plan may be followed by day traders for today------- Select BANKING stocks may remain good for day trades in view of high volatility for today Trade Nifty with stop loss of 7900 for the target of 7950 and above. Sell below 7900 for the target of 7850 and below AUTO stocks may provide better opportunity for day traders on both side Avoid AIRLINE stocks for today