Intraday Market Outlook & FREE Intraday Tips / Calls for 26th Aug 2009 www.StockInspection.com
Posted by Indrodeep Banerjee on August 25, 2009
Total Views - 1323
On Tuesday markets opened weak with gap down on weak cues from Asian markets and profit booking ahead of fno expiry dragged the markets further down in the early trading. Soon strong buying emerged at the lower levels and the markets surged up into the positive territory where it faced stiff resistance near 4684 mark with support at 4596 mark, as calculated by us yesterday. However it managed to end the day on a positive note.
Nifty finally closed at 4659.35
Gaining 17 points or 0.36 %
Trading Strategy for 26th Aug, 2009
Intraday Support for the market shall be 4618 & 4576.
While the market will experience resistance at 4698 & 4735.
Best Strategy shall be to:-
Buy above 4680 with Stop Loss of 4638
Sell below 4638 with Stop Loss of 4680
FREE Intraday Calls for 26 AUG 2009
ONGC Buy Above 1190 SL 1178 Target 1208
POWER GRID Buy Above 111 SL 109 Target 114
NTPC Sell Below 210 SL 212 Target 206
BHEL Sell Below 2291 SL 2314 Target 2252
FREE Intraday Calls for 25 AUG 2009
AMBUJA CEM Buy Above 100 SL 98 Target 103 Exited @ 98
POWER GRID Buy Above 109 SL 107 Target 112 Exited @ 110.90
SUZLON Sell Below 88 SL 90 Target 86 SL Triggered
SUN PHARMA Sell Below 1184 SL 1196 Target 1162 SL Triggered
.
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