Market outlook and intraday tips for 29th Dec.

>> Monday, December 29, 2008

US and European markets are closed on account of Christmas.

Asia is boned to open flat to positive.

We may see a flat opening.

NIFTY is bullish above 2945 and will find difficult to cross 3015.

The support for the Sensex is 8564 and the resistance to the up move is at 9690.

Nifty: (2857) the support for the Nifty is at 2654 and the resistance to the up move is at 2960.

Day Trading ideas.

Buy above 284 for targets of 294 and 302

Sell below 265 for targets of 258 and 251


Buy above 36.80 for targets of 38.10 and 39.25

Sell below 34.75 for targets of 33.50 and 32.10

Aban Offshores.

Buy above 684 for targets of 696 and 708

Sell below 660 for targets of 650 and 641

Buy above 20.15 for targets of 20.60 and 21.50

Sell below 18.90 for targets of 18.10 and 17.50

Happy Investing!

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