Market outlook and intraday tips for 24th Dec.

>> Wednesday, December 24, 2008

US ended lower as its GDP comes out bad.

UK is now officially in Recession after two consecutive quarters of negative GDP.

Europe ended lower.

Asia has started off week.

Indian markets are bonded to open negative.

The support for the Sensex is 9531-9328 and the resistance to the up move is at 10060-10324

Nifty: (2969) the support for the Nifty is at 2876 and the resistance to the up move is at 3027

Intraday Ideas.

Saytam ( I would rather prefer to short this scrip )

Buy above 147 for targets of 153 and 159

Sell below 138 for targets of 132 and 127


Buy above 53.30 for targets of 54.80 and 56.60

Sell below 51.40 for targets of 49.90 and 48.10


Buy above 61.40 for targets of 64.80 and 71.10

Sell below 55.05 for targets of 51.65 and 45.30

Happy Investing!

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