Intraday Tips and Market Outlook for 2nd Dec.

>> Tuesday, December 2, 2008

US markets yesterday tumbbled very badly is down on an average of 7%.
Europe was down on an average of 5%.
Asia is bond to open low.
Indian markets will have a gap down to flat opening today.

The support for the Sensex is 8700-8612-8532 and the resistance to the up move is at 9192

Nifty: (2683) the support for the Nifty is at 2650 and the resistance to the up move is at 2860-3113

Its not advisable to short any thing today.

Day Trading ideas.

Mphasis Ltd.

Buy above 168 for targets of 171 and 174

Sell below 156 for targets of 152 and 149


Buy above 214 for targets of 217 and 221

Sell below 204 foir targets of 200 and 197

Aditya Birla Nuvo.

Buy above 504 for targets of 508 and 512

Sell below 494 for targets of 489 and 485


Buy above 41.10 for targets of 41.90 and 42.35

Sell below 39.95 for targets of 39.20 and 38.60

Happy Trading.

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