Market outlook and day trading ideas for 12th Nov.

US markets had a gap down opening but recovered a bit in the later hours.
Asia has opened mixed.
Europe was marginally lower.
We may see a gap down opening to flat opening.
Yesterday we saw an intense profit booking session.
If we open negative we will see a recovery in later hours if IIP data is good.
IIP data is gona release today.
Be cautious while trading.
The support for the Sensex is 9760-9260 and the resistance to the up move is at 10050
Nifty: (2939) the support for the Nifty is at 2863-2746 and the resistance to the up move is at 3000

Day Trading ideas.
LNT
Buy above 872 for targets of 874 & 902
Sell below 851 for targets of 840 & 828

Sesa Goa
Buy above 79 for targets of 80.50 & 81.90
Sell below 76 for targets of 75.10 & 73.90

Sun Pharma
Buy above 1210 for targets of 1225 & 1245
Sell below 1190 for targets of 1180 & 1169

Ranbaxy
Buy above 227 for targets of 231 & 235
Sell below 221 for targets of 218 & 215

Happy Investing.
I am sorry I was not able to post Market outlook and day trading ideas yesterday.
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