Free Intraday Stock Tips

Stock tips for 26 August 2009

(Based On Technicals By OP Aggarwal)
————————
The market opened gap down yesterday on weak global cues and drifted further with the Sensex dipping to a low of 15423 in morning trades but a rally around early noon on hectic short covering in selected index heavyweight stocks pulled the market up. However, the markets thereafter, appeared moving in a range bound manner till late afternoon when a sharp rebound was noticed on heavy buying support of frontline stocks aiding the market to close in the positive territory. The Sensex finally managed to end the session with a marginal gain of 59 points at 15688. The Nifty closed the session flat with a marginal gain of 16 points after touching a high of 4672 and a low of 4582 in intra day trades yesterday. FMCG, oil and pharmaceutical stocks fared better but IT stock were the star performers in yesterday’s trading. Further, select auto, capital goods and realty stocks showed strength but PSU, metal and banking stocks showed poorly. The market breadth however, remained quite strong with 2816 stocks traded on BSE, 1681 stocks closed with gains while1060 stocks declined and 75 stocks ended flat. Markets may remain highly volatile today ahead of F & O expiry tomorrow and therefore, readers are advised to trade with caution.
———————————————-

After consolidating at lower levels between 4582-4619 levels, we saw an upswing in the nifty. While Asia and Europe were in the red, we in India were going hammer and tongs trying to put nifty into orbit before 4730 loomed large and profit booking made nifty slip to 4650 levels. It made 4 attempts to jump past 4680 but was kicked back each time. However, the volumes in the 4620 and 4655 range were down dramatically. The global cues from the US about the fiscal defecit being US$ 9 trillion may take away some sheen from this momentum, but this could be factored in by the wall street as d impact is over a sustained period and not overnight. The graphs are suggesting that the bulls are waiting to go in for the kill.

BUY NIFTY ONLY ABOVE 4671
SL- 4649 TARGET- 4720/4748/4782…………..

SELL NIFTY ONLY BELOW 4634 STOPLOSS- 4653 TARGET- 4611-4582-4550.

BUY MOSERBEAR
ABOVE 92
STOPLOSS- 89
TARGET- 96-100

BUY EDUCOMP
ABOVE 4150
STOPLOSS- 4090
TARGET- 4250-4450-4600

BUY TECHMAHINDRA
ABOVE 900
SL- 887
TARGET- 923-941

Short-Term Call
BUY BGRENERGY
Above 440
Stoploss 430
Target 475-500-525
Investment for 5-10 Days

Tags: daily market report, day trading calls, intraday stock calls, nifty signals, world news

No comments yet.

Leave a comment