>> Tuesday, December 30, 2008
US and European markets ended marginally lower.
We may see a flat opening.
NIFTY is strong above 2932.
Crude crosses 40 $ mark on
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.
Buy above 67.25 for targets of 68.75 and 71.25
Sell below 63.50 for targets of 61.20 and 60.10
Buy above 152 for targets of 156 and 161
Sell below 142 for targets of 138 and 135
Buy above 79.75 for targets of 81.25 and 83.50
Sell below 74.20 for targets of 72.10 and 70.50
Buy above 50.10 for targets of 51.90 and 53.10
Sell below 48.20 for targets of 47.25 and 46.10
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