Market outlook and day trading ideas for 21th Nov.

Indian markets despite of good inflation numbers cracked badley due to global cues.

US markets yesterday saw a worst hit Dow down below 7550 points.

Europe was down over 3%.

Asia has opened weak.

Expect a gap down to flat opening in Indian Markets.

The support for the Sensex is 8649-8393 and the resistance to the up move is at 8775-8870

Nifty: (2553) the support for the Nifty is at 2500-2464 and the resistance to the up move is at 2754-2860

Day trading ideas.

LNT

Buy above 710 for targets of 716 & 723

Sell below 702 for targets of 696 & 690

Praj Ind.

Buy above 54.25 for targets of 56.30 & 58.80

Sell below 51.75 for targets of 49.10 & 47.90

Unitech

Buy above 35.60 for targets of 36.90 & 38.70

Sell below 33.80 for targets of 32.50 & 30.70

Happy Investing.

Receive free SMS from us. Click here.
Receive free Email Updates from us. Click here.