Market outlook and Intraday tips for 17th Feb.

>> Tuesday, February 17, 2009

US markets end negative after a roler coster ride.
Europe also ended in red.
Asia is ought to open flat or may be negative.
Indian markets will open in the same way.
Markets react negative on Interim Budgets yesterday.

The support for the Sensex is 9178-9049 and the resistance to the up move is at 9445

Nifty: (2849) the support for the Nifty is at 2810-2779 and the resistance to the up move is at 2890

Day Trading Ideas.

Buy above 83.25 for targets of 84.90 and 85.60
Sell below 79.65 for targets of 78.10 and 77.35

Buy above 2068 for targets of 2075 and 2087
Sell below 2049 for targets of 2042 and 2035

Buy above 30.85 for targets of 31.20 and 31.85
Sell below 29.10 for targets of 28.50 and 28.05

Sterlite Ind
Buy above 265 for targets of 268 and 271
Sell below 252 for targets of 249 and 245

Happy Investing.