Intraday tips and Market outlook for 19th Dec.

>> Friday, December 19, 2008

US markets plunge in the later hours. Europe has ended flat to negative.

Asia has opened flat. Expect Indian markets to open flat to negative.

A bullish mode expected in NIFTY.

Inflation has cooled down from 8% to 6.84% in a single week change.

The support for the Sensex is 9800-9660 and the resistance to the up move is at 10350

Nifty: the support for the Nifty is at 2902-2883-2795 and the resistance to the up move is at 3240


Day Trading Ideas.


India Infoline

Buy above 53.70 for targets of 54.50 and 55.90

Sell below 50.35 for targets of 49.10 and 48.50


IDFC

Buy above 70.50 for targets of 71.90 and 71.60

Sell below 65.45 for targets of 63.25 and 62.50


Reliance Capital

Buy above 508 for targets of 511 and 515

Sell below 496 for targets of 492 and 489


Educomp Solutions

Buy above 2630 for targets of 2640 and 2648

Sell below 2598 for targets of 2590 and 2582


Wipro

Buy above 253 for targets of 255 and 257

Sell below 246 for targets of 242 and 239


Happy Investing.

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1 comments:

Rajesh December 31, 2008 at 6:15 PM  

Thats true!! Leela Hotel is named after Mr C.P Nair. It is very beautiful hotel present in location around India. Website http://www.theleela.com is there official website representing there hotel property.