Market outlook and Intraday tips for 5th Feb.
>> Thursday, February 5, 2009
US markets plung after concerns about disappointing earnings and the market ended the day with a loss. The support for the Sensex is 9034-8940-8868 and the resistance to the up move is at 9389 Nifty: (2803) the support for the Nifty is at 2705 and the resistance to the up move is at 2847-2904
Europe ended a higher note.
Asia is trading marginally lower.
Expect Indian Markets to open flat to negative.
Day Trading ideas -
Adlabs
Buy above 163 for targets of 166 and 169.50
Sell below 154 for targets of 151 and 149
Axis Bank
Buy above 399.45 for targets of 404.25 and 409.10
Sell below 388 for targets of 385 and 383
India Infoline
Buy above 43.90 for targets of 44.50 and 45.90
Sell below 41.20 for targets of 40.50 and 39.90
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Happy Investing !
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