Market outlook and Intraday tips for 20th Feb.

>> Friday, February 20, 2009

US markets crack down.
Europe ended flat.
Asia has opened flat. 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: (2789) the support for the Nifty is at 2727-2685 and the resistance to the up move is at 2890


Day Trading Ideas -

Hindalco
Buy above 41.25 for targets of 41.90 and 42.85
Sell below 38.95 for targets of 38.40 and 37.90

Tata Motors
Buy above 135.85 for targets of 136.50 and 137.85
Sell below 133.25 for targets of 132.40 and 131.90

Spice Communications
Buy above 84.10 for targets of 85.25 and 86.90
Sell below 79.95 for targets of 78.10 and 77.45

Happy Investing !

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