Market outlook and intraday tips for 6th Jan.

>> Tuesday, January 6, 2009

US markets ended marginally lower.

Europe ended flat. Asia is bonded to open flat or mixed.

Indian markets are bonded to open flat to negative.

Markets are well above 10250.

Crude is almost at 48$ a barrel.

The support for the Sensex is 10190 and the resistance to the up move is at 10324-10708

Nifty: (3121) the support for the Nifty is at 3100 and the resistance to the up move is at 3240


Day trading ideas –


Mundra Port

Buy above 394 for targets of 402 and 408

Sell below 381 for targets of 375 and 370


IFCI

Buy above 27.10 for targets of 27.95 and 28.65

Sell below 25.10 for targets of 24.50 and 23.90


Jai Corp

Buy above 89.10 for targets of 90.15 and 91.25

Sell below 85.25 for targets of 84.50 and 83.70


India Infoline

Buy above 67.50 for targets of 68.45 and 69.80

Sell below 64.25 for targets of 63.45 and 62.25


Happy Investing!

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