Market Outlook and Tips for 25th Aug 2009

On Monday, the 24th August, 2009, the markets opened with a huge gap up on strong cues from the global markets. Strong buying thereon, led the markets to maintain its gain throughout the day, however investors churned their positions while markets ended on a strong note.

At the end of the session, the Nifty finally closed at 4642.80 gaining 114 points or 2.52 %

For 25th August, 2009 the Intraday Support for the Nifty shall be 4596 & 4552 while the market will experience resistance at 4684 & 4723.

Trading Tips for 25th Aug, 2009:

Buy AMBUJA CEM Above 100 with a Stop Loss of 98 for a target of 103.
Buy POWER GRID Above 109 with a Stop Loss of 107 for a target of 112.
Sell SUZLON Below 88 with a Stop Loss of 90 for a Target of 86.
Sell SUN PHARMA Below 1184 with a Stop Loss of 1196 for a Target of 1162.

Our FREE Intraday Tips for 24 AUG 2009:
POWER GRID Buy Above 108 SL 106 Target 110 Exited @ 109.20
TATASTEEL Buy Above 447 SL 443 Target 453 Target Achieved.