Market outlook and Intraday tips for 20th Jan.

>> Tuesday, January 20, 2009

US markets ended marginally positive.
Europe ended a negative note.
Asia is bonded to open flat to negative.
Expect Indian Markets to follow the same trend.
Markets now looking highly oversold.
The target for the Sensex is 9200 and the resistance to the up move is at 9528-9708
Nifty: (2846) the target for the Nifty is at 2740 and the resistance to the up move is at 2870-2922

Satyam saga is yet not over.

Day Trading ideas -

Jet Airways
Buy above 192 for targets of 195 and 198
Sell below 182 for targets of 178 and 175

Buy above 113 for targets of 117 and 120
Sell below 107 for targets of 103 and 100

Buy above 185 for targets of 188 and 192
Sell below 172 for targets of 169 and 165

Buy for short term
Rajesh Exports at 21 for targets of 25 with a SL of 19.40
Karuturi Global at 13.85 for targets of 18 with a SL of 11.50

Visit my new blog Squamble.

Happy Investing

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