Intraday Tips and Market Outlook for 1st Dec.

>> Monday, December 1, 2008

US markets had rallied after Citi group gets bailout.

Last week Indian GDP figures were out which come out at 7.6% v/s 7.9% in the last Quater which is a bad indicator.
Asia has opned lower.
I expect Indian markets to open flat to negative.
We may recover if we have a gap down opening.
Levels to watch on Sensex are Support at 8750 - 8400 and resistance for upmove at 9410 and 10,120.
Levels on NIFTY support at 2650 - 2500 and resistance for upmove at 2890 - 3120.

Day Trading Ideas.

Unitech 
Buy above 23.50 for targets of 24.90 and 26.10
Sell below 21.30 for targets of 20.90 and 20.05

KSK Energy Ventures.
Buy above 156 for targets of 159 - 162
Sell below 149 for targets of 146 - 143

Grasim Ind.
Buy above 905 for targets of 912 and 918
Sell below 879 for targets of 871 and 865

Century Textile.
Buy above 135 for taregst of 137 and 139
Sell below 131 for targest of 128 and 125

Voltas Ltd.
Buy above 51.25 for targets of 52.50 and 53.90
Sell below 48.90 for targets of 47.50 and 46.90

Happy Trading.

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1 comments:

Vikas December 1, 2008 at 8:53 AM  

Heng Seng has recovered.