Stock Advice and Market Analysis for 04 August 2009

The US markets have ended higher in the last trading session.
European markets showed the same behaviour by ending in the green.
The Asian Markets have opened Positive.

After a good start to the week yesterday when the market closed just near to the 16,000 mark, today we can expect the Indian Markets to open positive (Higher) further and cross the 16,000 barrier today.

The support for the Sensex is 15800 and the logical technical target is at 16050-16500.

Nifty: (4711) the support for the Nifty is at 4620 and logical technical target at 4795-4930

Day Trading Tips:

NTPC : Buy above 218 for targets of 222 and 225. SL of 215

RNRL : Buy above 84.10 for targets of 85.50 and 86.90. SL of 83.25

Praj Ind : Buy above 100.10 for targets of 102.50 and 104.10. SL of 99.20

Aban Offshore : Buy close to 1110.50 for targets of 1150.00 and 1170. SL of 1070.50

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