Market Outlook and day trading ideas for 27th Oct.

>> Monday, October 27, 2008

We broke 9K mark that was not imaginable by any one no one predicted this kind of corrections on Friday.
US markets were down on Friday night.
Asia has opened mixed.
Expect a flat to positive opening.
Markets can take a U turn any time.
I advice not to trade.
The support for the Sensex is 8508-8048 and the resistance to the up move is at 9400

Nifty: (2584) the support for the Nifty is at 2517-2411 and the resistance to the up move is at 2954

Day trading Ideas .
Buy above 211 for targets of 219 & 227
Sell below 199 for targets of 191 & 186
Buy above 789 for targets of 796 & 802
Sell below 777 for targets of 771 & 766

I am publishing stock Idea Unitech tomorrow latest by 10 in the morning and you will come to know why I am bullish on that scrip at 22 Rs range. So don't forget to read it and reap the benefits of it on Diwali day.

I wish You and your Family and even Friends a very Happy Diwali.
May this Diwali take the Sensex and Nifty to new highs.

Happy Investing.

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