Market outlook and intraday tips for 7th Jan.

>> Wednesday, January 7, 2009

US markets ended mixed after a volatile secession.

Europe ended marginally higher.

Asia is trading higher.

Expect Indian markets to open a higher note.

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

Nifty: (3113) the support for the Nifty is at 3100 and the resistance to the up move is at 3240

Day trading ideas –


Buy above 513 for targets of 518 and 524

Sell below 501 for targets of 496 and 490


Buy above 46.90 for targets of 47.80 and 48.90

Sell below 43.20 for targets of 42.50 and 41.85


Buy above 183 for targets of 186 and 189

Sell below 176 for targets of 173 and 171

Happy Investing!

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