Intraday tips and Market outlook for 22nd Dec.

>> Monday, December 22, 2008

US markets ended mixed. Europe ended negative.

Asia opened flat but now is trading positive.

I expect Indian markets to open flat to negative. If NIFTY hold’s on 3115 mark we are bond to remain positive the whole day.

Indian volatility index (VIX) is at 38.49 down over 15% so I expect more bullishness today.

The support for the Sensex is 9915-9870-9800 and the resistance to the up move is at 10324

Nifty: (3078) the support for the Nifty is at 3000 and the resistance to the up move is at 3113-3145

Day trading ideas.


Buy above 89.10 for targets of 90.50 and 91.80

Sell below 86.50 for targets of 85.20 and 84.10


Buy above 169 for targets of 171.50 and 173

Sell below 164 for targets of 162.50 and 160


Buy above 309 for targets of 313 and 316

Sell below 301 for targets of 298 and 295

Rajesh Export

Buy above 27.10 for targets of 28.45 and 29.10

Sell below 24.90 for targets of 24 and 23.20

GMR Infra

Buy above 72.80 for targets of 73.50 and 74.80

Sell below 69 for targets of 67.80 and 66.50

Happy Investing

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