Intraday Tips and Market outlook for 13th march.

>> Friday, March 13, 2009

US markets ended higher.
Europe ended marginally higher.
Asia has opended higher. Expect the Indian Markets to opwn positive with a gap up opening.
Inflation for the weekended comes to 2.43% which is seven years low. Is the figure inflated? God knows.
The support for the Sensex is 80470 and the resistance to the up move is at 8522-8676
Nifty: (2617) the support for the Nifty is at 2539 and the resistance to the up move is at 2677-2704

Day Trading ideas

Buy above 916 for targets of 921 and 928
Sell below 901 for targets of 896 and 884

Buy above 582 for targets of 588 and 596
Sell below 568 for targets of 560 and 554

Axis Bank
Buy above 312 for targets of 316 and 320
Sell below 300 for taregts of 296 and 292

Sterlite Industry
Buy above 268 for targets of 273 and 278
Sell below 252 for targets of 248 and 245