Market Outlook and Tips for 13th August 2009

On Wednesday 12th August, 2009, the markets saw strong buying at lower levels after opening weak and initially going below 4300 levels. Aggressive buying pulled the markets up as the investors made entry at lower levels below 4300.

As predicted yesterday (Stock Advice and Market Outlook for 12th August 2009), for nifty 4385 proved to be the intraday support and though it slipped below it for some time but witnessed heavy buying at those levels.

To end the day, Nifty finally closed at 4457.50 losing 14 points or approximately 0.31 %

In today's session, the following targets were achieved as per Our Call:

BHEL No Profit No Loss
NTPC No Profit No Loss
SUZLON Target Achieved
MARUTI Target Achieved
ACC Target Achieved
AMBUJA CEMENT Call Failed

Trading Tips for 13th August, 2009:

Buy Tips:

Buy TATA STEEL above 445 with a Stop Loss of 441 for a target of 452

Buy NTPC above 211 with a Stop Loss of 206 for target of 212

Buy SUZLON above 86 with a Stop Loss of 84 for a target 89

Sell Tips:

Sell BHARTI AIRTEL below 403 with a Stop Loss of 407 for a target of 396

Sell ACC below 824 with a Stop Loss of 833 for a target of 810

Sell UNITECH below 88 with a Stop Loss of 88 for a Target 84.