Market outlook and intraday tips for 31st Dec.
>> 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
Satyam
Buy above 164 for targets of 169 and 174
Sell below 149 for targets of 146 and 143
Sesa Goa
Buy above 87 for targets of 88.90 and 90.15
Sell below 83 for targets of 81.50 and 80.10
RNRL
Buy above 58.50 for targets of 59.20 and 60.25
Sell below 54.25 for targets of 52.25 and 51.20
Happy Investing!
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6 comments:
Hi whats up man.
This is Sam from college.
Man just teme what u think of Satyam's future outlook.
Thanks buddy.
Hey sam how u doin man.
Satyam is a stock which has loads of operators manupilating in it.
I can give good returs if bought at 130 range and kept for a year or so.
I bought Satyam at 128 and sold off at 155.
And now will buy if it comes in 130 range.
hai chirag how are you?
what is the future prospectus of IDFC , already bought 1000 shares @ Rs 61, give ur coomant.
thanks a lot,
@ Senu3001 - IDFC I say is a HOLD for a movement.
It is giving upsides.
Hold and Book profits at higher level.
Keep patience.
hi chirag!! thanks for all your recommendations on your blog !! can you suggest a buying level for Deccan Gold Mine and Sejal Architectural Glass.
Regds
Sagar
Go for Sejal Architectural Glass a good stock for long term. Gives good dividend too.
Go for it.
While Deccan Gold mines is not that good.
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