As it was presented here in the previous post that Indian markets will bounce back from the lows of 15K levels in sensex, and the same happened today. Indian stock markets zoomed today as expected. Sensex closed a whopping 3.32% up or 498 points from its previous close. And nifty closed 3.31% up or 148 points to close at 4605 levels.

The crucial 4600 level has been crossed. Now if the markets sustain 4600 in coming days and move ahead then we can expect some upside. The US markets are also fluctuating now and are currently trading in green. Dow is up by 0.2% and Nasdaq is up by 0.4% as of now. Some profit booking is likely to happen tomorrow and in coming days.

Realty and metal are the favourites of the investors in this rally. The realty is one sector which shows the maximum amount of movement in intra day trades. DLF, HDIL, Unitech are showing some good movements.

Some intra day calls for Aug 14th 2009:-

Buy DLF Above 402, Target: 408, 412 .Stoploss : 395

Shortsell Below: 394, Target: 388, 385. Stoploss : 398

Buy HDIL Above 303, Taget : 308, 312. Stoploss: 295

Shortsell Below: 294, Target : 290, 288. Stoploss: 298

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  5. When Will The Indian Markets Over Take Its Peers?
  6. Finally Market Consolidates.Intraday Trading Tips For June 09,2009

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