Market Outlook and day trading ideas for 24th Oct.

>> Friday, October 24, 2008

US markets have ended mixed.
We have made the new recent lows yesterday.
Asia bound to open flat to negative.
Inflation is cooling down thats good. - Actually obvious as crude is down over 50% from its life high and more over most commodities are down.
Inflation at 11.07% .
The support for the Sensex is 10000-9700-9325 and the resistance to the up move is at 10250-10800
Nifty: (2943) the support for the Nifty is at 2907-2871 and the resistance to the up move is at 3046-3117

Day trading ideas.
Look for stocks such as LNT , RPL , Hindalco , Idea Cellular & HDIL.
(I am sorry I cant give levels today as I am lagging off of time.)

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