Market outlook and Intraday tips for 21st Jan.

>> Wednesday, January 21, 2009

Its been one year since markets have fallen from its peak. Last year on 21st Jan we saw Indian markets saw a blood bath.
US markets plung badly.
Europe is marginally lower.
Asia has opened weak.
India is bonded to open negative.

The target for the Sensex is 8945 and the resistance to the up move is at 9528-9708

Nifty: (2797) the target for the Nifty is at 2686 and the resistance to the up move is at 2870-2922

Day trading ideas


Buy above 106 for targets of 108 and 110

Sell below 102.25 for targets of 100 and 98.20

Power Grid

Buy above 88.10 for targets of 89.85 and 91.25

Sell below 84.20 for targets of 82.10 and 80.50

Educomp Solutions

Buy above 1978 for targets of 1985 and 1993

Sell below 1958 for targets of 1950 and 1940

Happy Investing.

Are u angry on Ramalinga Raju? Then hit him with a rotten egg on his face.