>> Wednesday, December 31, 2008
Indian markets will have a gap up opening.
The support for the Sensex is 9495 and the resistance to the up move is at 9875-9990
Nifty: (2980) the support for the Nifty is at 2900 and the resistance to the up move is at 3035
If we open too higher we will face a stiff resistance above 10115.
If we have a huge gap up be prepared to slowly give up all its gains.
Day Trading Ideas
Buy above 164 for targets of 169 and 174
Sell below 149 for targets of 146 and 143
Buy above 87 for targets of 88.90 and 90.15
Sell below 83 for targets of 81.50 and 80.10
Buy above 58.50 for targets of 59.20 and 60.25
Sell below 54.25 for targets of 52.25 and 51.20
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