Intraday tips and Market outlook for 18th Dec.

US markets ended volatile in red.

Europe was trading mixed. Asia opened weak but now has picked up.

Expect Indian markets to have a flat to negative opening.

Satyam takes a U turn by canceling the deal with Maytas Infra.

Markets can go either ways depends on FII’s buying and profit booking.

The support for the Sensex is 9600-9460 and the resistance to the up move is at 9800

Nifty: (2954) the support for the Nifty is at 2902-2883-2795 and the resistance to the up move is at 3000

Day Trading Ideas.

Satyam

Buy Above 162.90 for targets of 168.50 and 173.90

Sell below 155 for targets of 151 and 148.50

Punj Llyod

Buy Above 161 for targets of 164 and 168

Sell below 154 for targets of 151 and 149

LNT

Buy above 791 for targets of 796 and 801

Sell below 770 for targets of 765 and 761

RNRL

Buy Above 49.50 for targets of 50.90 and 52.40

Sell below 47.60 for targets of 46.50 and 45.80

Happy Investing.

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