Market outlook and trading ideas for 15 Oct.

>> Wednesday, October 15, 2008

US markets ended mixed.
Asian markets have opened marginally lower.
We may have a flat to gap down opening.
Yesterday we opened excellent as I predicted but we saw profit booking which was the reason for the markets to give up all its gain.

The support for the Sensex is 11180 and the resistance to the up move is at 11761-12230

Nifty: (3519) the support for the Nifty is at 3468 and the resistance to the up move is at 3620-3702-3751


Stocks to look out for today are.
RNRL
Buy above. 59.45 for targets of 61.90 & 64.20
Sell below 55.55 for targets of 53.20 & 51.45
Punj Llyod.
Buy above 218 for targets of 225 & 232
Sell below 209 for targets of 206 & 203

Happy Investing.
Did u like the new look..
www.indianmoneyplus.com

7 comments:

Anonymous October 15, 2008 at 8:10 AM  

The site / blog is lookin god.
Your tips are also good.
Thanks.
Best of Luck.

Anonymous October 15, 2008 at 9:07 AM  

Thank you Ranjit.

Anonymous October 15, 2008 at 10:29 AM  

sir,

i am a regular visitor for your site..and now its shaping too good.

if i can say some thing as advise ..so please wait till the opening of asian markets to post market out look , so that we can have value of your 100% accurate calculations.you are great at it sir

Anonymous October 15, 2008 at 11:08 AM  

Ok will try and do so.
thanks.

Anonymous October 15, 2008 at 12:58 PM  

Sir,
your technical recommedations are working well. This site is good and the new look too.

Alex,
9847586520

Anonymous October 15, 2008 at 4:33 PM  

Thanks Alex.
Thanks guys for your support.

saravanamurthy October 15, 2008 at 8:12 PM  

hai its good