Stock Advice and Market Outlook for 12th August 2009

On Tuesday, 11th August, 2009, the markets witnessed strong buying at lower levels after opening flat in the early trades. Aggressive buying pulled the markets back to a somewhat high level after a free fall in the last 3 consecutive sessions of trade as the investors made entry at very attractive lower levels.

As predicted in the yesterday' article (Stock Advice and Market Outlook for 11th August 2009), 4387 proved to be the intraday support for the nifty and 4494 came out to be the intraday resistance for the market.

Nifty finally closed at 4471.35 gaining 34 points or approximaltely 0.76 %

We proudly say that in today's session, the following targets were achieved as per Our Call:

ABAN Offshore Target Achieved
AXIS BANK Target Achieved
SUZLON Energy Target Achieved
ICICI BANK Target Achieved
AMBUJA CEMENT Target Achieved

Trading Tips for 12th Aug, 2009

If Nifty Trades above 4488 then Buy:

Buy ABAN Offshore above 1080 with a Stop Loss of 1065 for a target of 1120.

Buy BHEL above 2157 with a Stop Loss of 2134 for a target of 2202.

Buy NTPC above 209 with a Stop Loss of 206 for a target of 213.

Buy SUZLON above 85 with a Stop Loss of 82 for a target of 87.

If Nifty Trades below 4452 then Sell:

Sell MARUTI below 1286 with a Stop Loss of 1306 for a target of 1267.

Sell ACC below 814 with a Stop Loss of 823 for target of 801.

Sell AMBUJA CEMENT below 98 with a Stop Loss of 100 for a target of 96