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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