Market Outlook and day trading ideas for 5th Nov.

>> Wednesday, November 5, 2008

US markets had a good time and rallied over 3% on the Elections day.
Indian Markets yesterday indulged in buying and banks reducing their lending rate i.e PLR (Prime Lending rate).
Europe markets are up 4 - 5%.
Asia is trading higher.
Heng Seng is up over 6%.
Indian markets are ought to open higher at lest 3% .
The support for the Sensex is 10370 and the resistance to the up move is at 10763-11402

Nifty: (3142) the support for the Nifty is at 3060 and the resistance to the up move is at 3239-3278

Stocks to look today are.
Rajesh Export
buy around 29.10 for targets of 30.90 & 31.50
Sell below 27.50 for targets of 26.85 & 25.50.
This scrip was given yesterday at 24.65 and CMP is 29 was up more than 18% in one day.

Other stocks to look are.
Rajesh Export , Reliance , HDIL , Indiabulls real estate , LNT , Praj , MRF

Few more stock to look today are RNRL , RPL , IFCI & RCom.
Happy Investing.

I hope you have tried our special search. Click here.

Receive free SMS from us. Click here.

Receive free Email Updates from us. Click here.