Market outlook and Intraday tips for 28th Jan.

>> Wednesday, January 28, 2009

US markets ended marginally positive.
Europe flat. Asia has opended positive but now Japan has sliped in the red zone.
Expect Indian Markets to open flat to negative.

The target for the Sensex is 8850 and the resistance to the up move is at 9182-9243-9334

Nifty: (2771) the target for the Nifty is at 2700 and the resistance to the up move is at 2808-2824-2847

If markets open higher they may not be able to sustain all its gain.

Day trading ideas

Buy above 645 for targets of 651 and 658
Sell below 630 for targets of 624 and 619

Punj Llyod
Buy above 94.10 for targets of 95.25 and 96.50
Sell below 91.25 for targets of 90.50 and 89.65

Buy above 531 for targets of 538 and 545
Sell below 510 for targets of 508 and 498

Happy Investing.

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