Market outlook and intraday tips for 30th Dec.

US and European markets ended marginally lower.

Europe ended a higher note.

Asia is boned to open flat to positive.

We may see a flat opening.

NIFTY is strong above 2932.

Crude crosses 40 $ mark on Middle East tension.

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

If we open higher 100 points on NIFTY we are bonded to give up all gain in the later session. If we open flat and are able to sustain 2932 and above we will see a pull back in the later session.

Day Trading ideas.

IDFC

Buy above 67.25 for targets of 68.75 and 71.25

Sell below 63.50 for targets of 61.20 and 60.10

Satyam Computers.

Buy above 152 for targets of 156 and 161

Sell below 142 for targets of 138 and 135

SAIL

Buy above 79.75 for targets of 81.25 and 83.50

Sell below 74.20 for targets of 72.10 and 70.50

Hindalco

Buy above 50.10 for targets of 51.90 and 53.10

Sell below 48.20 for targets of 47.25 and 46.10

Happy Investing!

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