Market outlook and intraday tips for 26th Dec.

>> Friday, December 26, 2008

US ended a positive note a day before Christmas Eve.

Europe ended marginally lower.

Japan has opened flat.

I expect Indian markets to open flat.

Auto Industry all over the world is facing heat after sales of cars decline badly in Japan first time after 1967.

The sectors which have performed worst this year are Real Estate, Banking and Auto, according to me. I think Auto Ind. May face more heat ahead.


The support for the Sensex is 9531-9328 and the resistance to the up move is at 9690

Nifty: (2917) the support for the Nifty is at 2876 and the resistance to the up move is at 2960


Intraday Ideas.


Unitech

Buy above 38.40 for targets of 40.60 and 43.60

Sell below 35.70 for targets of 33.25 and 31.10


DLF

Buy above 293.90 for targets of 298 and 304

Sell below 285.50 for targets of 280 and 276


Sterlite Ind.

Buy above 258 for targets of 261 and 265

Sell below 242 for targets of 238 and 235


Happy Investing!

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1 comments:

shivam December 26, 2008 at 1:23 PM  

Chirag thanks for DLF. made 2000 in one day.
Thanks.