Market outlook and Intraday tips for 29th Jan.

>> Thursday, January 29, 2009

US markets went higher as Obama announces a bailout package of 813 Billion $.
Europe ended higher. Asia is trading higher.
I expect Indian Markets to have a gap up opening.

The target for the Sensex is 9150 and the resistance to the up move is at 9334-9410-9550

Nifty: (2850) the target for the Nifty is at 2820 and the resistance to the up move is at 2870-2904

I expect markets to be in Green.

Day trading ideas.

Buy above 98.50 for targets of 99.85 and 101.20
Sell below 92.40 for targets of 91.25 and 90.10

Buy above 511 for targets of 515 and 521
Sell below 498 for targets of 494 and 488

R Com
Buy above 171 for targets of 178 and 184
Sell below 159 for targets of 155 and 151

Happy Investing.