Market Outlook and day trading ideas for 22nd Oct.

>> Wednesday, October 22, 2008

US markets slide down after a volatile section.
Dow is down over 2% and Nasdaq is down over 4%.
We will also have the same kind of a start.
Asian markets may open flat to negative.
The support for the Sensex is 10300 and the resistance to the up move is at 10919-11542

Nifty: (3235) the support for the Nifty is at 3000-2907 and the resistance to the up move is at 3324-3496

Yesterday IDFC was up 20% and all targets met. Cheers.

Day trading ideas.

Adlabs Film.
Buy above 203 for targets of 207 & 210.50
Sell below 296 for targets of 290 & 286.

Indiabulls Real Estates.
Buy above 137 for targets of 141 & 145
Sell below 128 for targets of 124 & 121.

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