Market outlook and Intraday tips for 19th Jan.

US markets ended positive on Friday.
Europe also ended positive.
Asia has opened positive.
I expect Indian Markets to open flat to positive.

The target for the Sensex is 9200 and the resistance to the up move is at 9528-9708

Nifty: (2828) the target for the Nifty is at 2740 and the resistance to the up move is at 2870-2922

Markets may not be able to sustain all its gains and may remain volatile.

Day Trading Ideas -

Unitech
Buy above 31.10 for targets of 31.90 and 32.50
Sell below 29.15 for targets of 28.60 and 28.10

Suzlon
Buy Above 52.15 for targets of 53.50 and 54.90
Sell below 49.50 for targets of 48.75 and 48.10

Infosys
Buy Above 1277 for targets of 1285 and 1293
Sell below 1257 for targets of 1250 and 1245

Sesa Goa
Buy above 78.50 for targets of 79.25 and 79.90
Sell below 75.45 for targets of 74.80 and 73.90

Visit my new blog Squamble.

Happy Investing

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