Market outlook and Intraday tips for 23rd Jan.

>> Friday, January 23, 2009

US markets down over 2%.
Asia has opened weak.
India is bonded to open week.
I expect a gap down opening on Indian Markets.

The target for the Sensex is 7850 and the resistance to the up move is at 8940-9075

Nifty: (2714) the target for the Nifty is at 2686-2500 and the resistance to the up move is at 2758-2779

Day Trading Ideas


Buy above 196 for targets of 198 and 201

Sell below 186 for targets of 184 and 181

Arvind Mills

Buy above 14.55 for targets of 15.10 and 15.80

Sell below 13.10 for targets of 12.50 and 12.10


Buy above 168 for targets of 172 and 176

Sell below 159 for targets of 156 and 152

Post on Squamble.

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L.K. Advani now following Obamas foot steps.