Market outlook and Intraday tips for 3rd Feb.

>> Tuesday, February 3, 2009

US markets ended mixed.
Europe was trading in red. Asia has opened mixed.
I expect Indian markets to open flat to negative.
Markets may remain volatile throught the day.

The support for the Sensex is 9034-8940-8868 and the resistance to the up move is at 9232

Nifty: (2767) the support for the Nifty is at 2705 and the resistance to the up move is at 2820

Day Trading Ideas


Buy above 156 for targets of 160 and 163

Sell below 149 for targets of 144 and 141


Buy above 47.90 for targets of 49.10 and 50.50

Sell below 44.10 for targets of 43.25 and 42.50

Ranbaxy Labs

Buy above 214 for targets of 218 and 221

Sell below 209 for targets of 207 and 203

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Happy Investing !