Indian market outlook and daytrading ideas for 24th Nov.

>> Monday, November 24, 2008

US markets had rallied.

Asia has opened mixed.
Europe was down on an avereage of 3%.
Expect markets to have a flat opening.

The support for the Sensex is 8450-8316 and the resistance to the up move is at 9635-10324.

Nifty: (2693) the support for the Nifty is at 2500 and the resistance to the up move is at 2860-3113.


Day trading ideas.

Unitech

Buy above 32.35 for targets of 33.90 & 34.95

Sell below 29.80 for targets of 28.10 & 27.50


NTPC

Buy above 146.45 for targets of 148.90 & 150.25

Sell below 141.10 for targets of 139.50 & 137.50


Axis Bank.

Buy above 405 for targets of 408 & 411

Sell below 398 for targets of 395 & 392


Happy Investing.

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