Intraday Market Outlook & FREE Intraday Tips / Calls for 13th Aug 2009 www.StockInspection.com
Posted by Indrodeep Banerjee on August 12, 2009
Total Views - 675
On Wednesday markets witnessed strong buying at lower levels after opening weak and slipping below 4300 levels. Aggressive buying pulled the markets up as the investors made entry at lower levels below 4300.
4386. as calculated by us yesterday, proved to be the intraday support for the market, though it slipped below it for some time, but witnessed heavy buying at those levels.
Nifty finally closed at 4457.50
Loosing 14 points or 0.31 %
Our Call Performance Today:-
BHEL No Profit No Loss
NTPC No Profit No Loss
SUZLON Target Achieved
MARUTI Target Achieved
ACC Target Achieved
AMBUJA CEMENT Call Failed
Trading Strategy for 13th Aug, 2009
Intraday Support for the market shall be 4386 & 4348.
While the market will experience resistance at 4498 & 4542.
Best Strategy shall be to:-
Buy above 4479 with Stop Loss of 4432
Sell below 4432 with Stop Loss of 4479
Intraday Call & Playing the Trend Trading Strategy for 13th Aug, 2009
Buy Calls
TATA STEEL
Buy above 446 with Stop Loss of 440
For Target 453
NTPC
Buy above 210 with Stop Loss of 207
For Target 213
SUZLON
Buy above 87 with Stop Loss of 85
For Target 89
Sell Calls
BHARTI AIRTEL
Sell below 404 with Stop Loss of 408
For Target 397
ACC
Sell below 825 with Stop Loss of 834
For Target 811
UNITECH
Sell below 87 with Stop Loss of 89
For Target 85
.
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