Market outlook and intraday tips for 12th Jan.

>> Monday, January 12, 2009

US markets ended negative. US ended negative as the jobless data comes out to be the worst.

Europe ended marginally negative.

Asia has opened marginally lower.

Indian markets are bonded to open flat to negative.

If markets open higher of 100 odd points on NIFTY they are bonded to give up all its gains.

The support for the Sensex is 9100 and the resistance to the up move is at 9716

Nifty: (2873) the support for the Nifty is at 2800 and the resistance to the up move is at 3000

Day trading ideas.


Buy above 36.95 for targets of 37.50 and 38.80

Sell below 33.25 for targets of 32.50 and 31.25


Buy above 728 for targets of 733 and 740

Sell below 712 for targets of 706 and 698

Punj Llyod

Buy above 119 for targets of 124 and 128

Sell below 111 for targets of 105 and 101


Buy above 541 for targets of 545 and 551

Sell below 532 for targets of 528 and 525

(We have our IIP data to release so be careful while trading in capital goods scrips.)

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