Market outlook and Intraday tips for 19th Feb.

>> Thursday, February 19, 2009

US markets ended flat.
Europe ended marginally lower.
Asia is trading mixed.
Expect Indian Markets to open flat to negative.

The support for the Sensex is 8865 and the resistance to the up move is at 9445

Nifty: (2776) the support for the Nifty is at 2727-2685 and the resistance to the up move is at 2890

Day Trading Ideas -


Buy above 659 for targets of 664 and 670

Sell below 648 for targets of 645 and 641


Buy above 29.90 for targets of 30.40 and 30.90

Sell below 27.50 for targets of 27.05 and 26.50

Power Grid

Buy above 88.45 for targets of 89.10 and 89.70

Sell below 86.45 for targets of 86.00 and 85.40

A special Report on how markets will react in 2009 is comming this Sunday.