Intraday tips and Market outlook for 10th Dec.

>> Wednesday, December 10, 2008

US markets fell down after it rallied for 2 days.

Europe ended a higher note.

Asia has opened marginally higher. I expect Indian markets to open flat to negative.

The support for the Sensex is 8915 and the resistance to the up move is at 9320-9478-9630.

Nifty: (2784) the support for the Nifty is at 2700 and the resistance to the up move is at 2860-3113.

Day Trading ideas for 10th Dec.

DLF

Buy above 217 for targets of 223 and 227.

Sell below 207 for targets of 202 and 198.

RNRL

Buy above 42.30 for targets of 43.60 and 45.30

Sell below 40.60 for targets of 39.30 and 37.60

Crain India

Buy above 142.20 for targets of 147.40 and 152.20

Sell below 137.40 for targets of 132.50 and 129.60

Unitech

Buy above 33.10 for targets of 34.40 and 36.50

Sell below 31.50 for targets of29.40 and 28.25

Happy Investing.

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