Market Watch

Wednesday, August 26, 2009

Technical Calls 26 August 2009

ABB (500002) CMP (Rs 730;) Buy for target of 778 with stop loss of 710.
DR.REDDY (500124) CMP (Rs 807;) BUY for target of 865 with stop loss of 785.
GMR INFRA (532754) CMP (Rs 135;) BUY for target of 151 with stop loss of 127. (If it closes & sustain above 151 then 175 is the next possible target)
MUNDRA PORT (532921) CMP (Rs 544;) BUY for target of 588 with stop loss of 522.
ELECON ENG (505700) CMP (Rs 87;) BUY for target of 112 with stop loss of 78.

15615-15521 On Wednesday 15615-15521 will be buy area.
Strong markets will not break 15579.
16002-16666 . Above 15615 Sensex could test 15735 ( Tuesday `s high ). Further it could open for 16002-16666 .
15330-15209-15015-14829-14611-14096. Sensex has support at 15423 ( Tuesday `s low ). Below that we open for 15330-15209-15015-14829-14611-14096.

4637-4610 On Wednesday 4637-4610 will be buy area.
Weak Markets will not cross 4627 .
4731-5064. Above 4637 Nifty could test 4672 ( Tuesday`s high ).Further it could open for 4731-5064.
4418-4325-4174. Nifty has support at 4582 ( Tuesday`s low ).Below it could open for 4418-4325-4174.