Market outlook and Intraday tips for 30th Jan.

>> Friday, January 30, 2009

US markets plunge on Economic worries. US markets are down on an average of 3%.
Europe is down on an average of 3 - 3.5%.
Asia is bonded to open flat to negative. India will follow and open in the same manner

The support for the Sensex is 9095 and the resistance to the up move is at 9334

Nifty: (2824) the support for the Nifty is at 2793-2767 and the resistance to the up move is at 2870-2904.


Day Trading ideas


Hindalco

Buy above 47.80 for targets of 48.75 and 49.90

Sell below 45.10 for targets of 44.45 and 43.90


DLF

Buy above 168 for targets of 171 and 175

Sell below 163 for targets of 159 and 155


RNRL

Buy above 50.25 for targets of 50.90 and 51.50

Sell below 48.55 for targets of 47.90 and 47.10


Wipro

Buy above 229 for targets of 234 and 238

Sell below 215 for targets of 211 and 207


Happy Investing !

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