Market outlook and Day trading ideas for 17th Oct.

US markets recovered smartly and moreover they are up 4 - 4.5% .
And Indian markets yesterday recovered smartly.
Asian may open flat or may be positive.
Inflation eases as commodities prices fall.
The support for the Sensex is 10000-9700 and the resistance to the up move is at 11410
Nifty: (3269) the support for the Nifty is at 3000-2907 and the resistance to the up move is at 3378-3411

Day trading ideas
RNRL
Buy above 53.20 for targets of 56.80 & 58.25
Sell below 52.25 for targets of 50.30 & 49.10

Adlabs
Buy above 214 for targets of 227 & 237
Sell below 208 for targets of 201 & 197

Happy Investing.