Market outlook and Intraday tips for 12th Feb.

>> Thursday, February 12, 2009

US markets end marginally positive after a volatile session.
Obama is ought to give US a huge bailout package. (That is certainly a good news).
Europe ended flat . Asia is bonded to open flat to positive.
We may see a positive opening in the Indian markets.

The support for the Sensex is 9500 and the resistance to the up move is at 9824

Nifty: (2924) the support for the Nifty is at 2900 and the resistance to the up move is at 2972

Day trading Ideas -


Buy above 154 for targets of 158 and 161

Sell below 142 for taregts of 139 and 137

Punj Llyod.

Buy above 98.90 for targets of 100.45 and 101.65

Sell below 96.20 for taregst of 95.05 and 94.15

Sesa Goa

Buy above 98.40 for taregts of 99.80 and 100.95

Sell below 94.60 for taregts of 93.10 and 92.15


Buy above 22.15 for taregts of 22.80 and 23.25

Sell below 20.10 for taregst of 19.40 and 18.85

Happy Investing !