Market Outlook and day trading ideas for 31st Oct.

US markets rallied 2% on an average.
Asia had a good time yesterday but unfortunately we were closed yesterday so we missed the upside due to FED's rate cut.
We missed an upside of an average of 400 points on Sensex.
We are ought to open either flat or mostly positive.
Though Asia has opened negative.
The support for the Sensex is 8910-8740 and the resistance to the up move is at 9291-9784

Nifty: (2697) the support for the Nifty is at 2630-2585 and the resistance to the up move is at 2786-2951

Day Trading Ideas
RNRL
Buy above 42 for targets of 43.15 & 44.90
Sell below 40 for targets of 38 & 37.10

Punj Llyod.
Buy above 172 for targets of 176 & 182
Sell below 169 for targets of 166 & 162

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