Intraday Tips and Market outlook for 12th march.

>> Thursday, March 12, 2009

US markets ended mixed.
Europe also ended mixed.
Asia has opened lower. Expect Indian Markets to open flat to negative.

The support for the Sensex is 80470 and the resistance to the up move is at 8522-8676

Nifty: (2573) the support for the Nifty is at 2539 and the resistance to the up move is at 2704

Inflation data wil be released today. Inflation may slip below 3% today.

Day Trading Ideas -

Buy above 65.10 for targets of 65.90 and 66.85
Sell below 62.10 for targets of 62.05 and 61.25

Buy above 566 for targets of 571 and 578
Sell below 546 for targets of 540 and 535

Buy above 140.20 for targets of 141.10 and 142.50
Sell below 136.25 for targets of 135.10 and 134.25

Happy Investing.