Market outlook and intraday tips for 2nd Jan.

>> Friday, January 2, 2009

US Markets were closed yesterday.

Asian Markets are trading higher.

Indian markets are now bonded to open positive.

The support for the Sensex is 9925-9750-9715 and the resistance to the up move is at 9990-10324

Nifty: (3035) the support for the Nifty is at 3000 and the resistance to the up move is at 3075-3113


Yesterday we bounced back and if we cross 10200 we may see 10650 in near term.


Day trading ideas.

Unitech

Buy above 46.50 for targets of 47.50 and 48.90

Sell below 42.25 for targets of 41.20 and 40.40


Satyam

Buy above 188 for targets of 192 and 198

Sell below 174 for targets of 170 and 164


Wipro

Buy above 252 for targets of 255 and 259

Sell below 243 for targets of 240 and 238

Happy Investing!

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2 comments:

Anonymous January 2, 2009 at 10:47 AM  

MARKET IS CONSOLIDATING THAERE IS HARDLY ANY CHANCES THAT MARKET WILL RETEST THE OCT LOW ONCE AGAIN. IF WE GET THE SUPPORT ON 3200 WE WILL SEE 3650 IN THE MONTH OF JAN.
2009 WILL BE AVERAGE YEAR FOR THE STOCK WE SEE YEAR CLOSING NEAR 4600-5000.

guston January 3, 2009 at 5:26 PM  

That’s good to listen. Hope 2009 would make a good positive sign in the stock markethistory.