Market Outlook and day trading ideas for 23rd Oct.

>> Thursday, October 23, 2008

US markets cracked yesterday .
Down over 4%.
Japan has opened with a gap down of 6 % .
We may follow the same. Gap down to flat opening expected.
Markets may recover in the later half of the day.

The support for the Sensex is 10000-9700 and the resistance to the up move is at 10445-10800

Nifty: (3065) the support for the Nifty is at 3000-2907 and the resistance to the up move is at 3165-3200

Day trading levels.
SBI
Buy above 1389 for targets of 1399 & 1411
Sell below 1379 for targets of 1369 & 1361
Other stock to look for today.
L&T.
Walchand Nagar Ind.
Sterlite Ind.

Do you know I recommended India bulls Security at 19.65 now it is at 27Rs . Check it out.

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