Intraday tips and Market outlook for 16th Dec.

>> Tuesday, December 16, 2008

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US markets were trading choppy yesterday.

Europe ended flat. Asia has opened marginally lower.

I expect Indian markets to open lower.

Banking and Infra stocks can see a rally today.

The support for the Sensex is 9750 and the resistance to the up move is at 10000-10324

Nifty: (2981) the support for the Nifty is at 2920 and the resistance to the up move is at 3113


Day Trading Ideas


Asian Paints

Buy Above 862 for targets of 870 and 877

Sell below 852 for targets of 846 and 835


DLF

Buy Above 284 for targets of 288 and 293

Sell below 280 for targets of 274 and 270


GMR Infra

Buy Above 66.02 for targets of 67.55 and 68.75

Sell below 63.10 for targets of 62.10 and 61


Axis Bank

Buy Above 483 for targets of 495 and 504

Sell below 471 for targets of 466 and 461


Happy Investing.

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1 comments:

Raghav Seth December 16, 2008 at 11:22 AM  

GMR Infra Is doing well...
Thanks. Helped me. Made profit of 1450 Rs as soon as markets began, within 30 mins..
Thanks again.