Market outlook and Intraday tips for 4th Feb.

>> Wednesday, February 4, 2009

US markets ended higher after rebound in home sales was seen.
Europe ended higher too.
Asia has opended higher note. Expect the Indian Markets to open higher.

The support for the Sensex is 9034-8940-8868 and the resistance to the up move is at 9389

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 46.10 for targets of 46.80 and 47.50
Sell below 44.25 for targets of 43.90 and 43.20

Tata Motors
Buy above 136 for targets of 139 and 143
Sell below 128 for targets of 125 and 122

Buy above 80.50 for targets of 81.90 and 82.65
Sell below 78.10 for targets of 76.85 and 75.90

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Happy Investing !