Market Outlook and Daytrading Ideas for 20th Oct.

>> Monday, October 20, 2008

US markets opened red went in positive zone but again came down in Red.
We may see a same thing happening here.
I think Asia may open flat to positive. We may do the same, many people waiting for a good bounce back to come.
People its advisable to book your profits in rally's.
The support for the Sensex is 10000-9700 and the resistance to the up move is at 11410

Nifty: (3269) the support for the Nifty is at 3000-2907 and the resistance to the up move is at 3378-3411.
Markets will remain volatile through out.

Day Trading Levels.
Praj
Buy above 81 for targets of 85.6 & 91.20
Sell below 76 for targets of 73 & 69.90
LNT
Buy above 816 for targets of 835 & 843
Sell below 799 for targets of 772 & 760

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