Intraday Tips and Market outlook for 19th March.

>> Thursday, March 19, 2009

US markets had a good week so far. Yesterday too the US markets rallied.
Europe ended mixed.
Asia has opened marginally lower.
Expect Indian markets to open flat to negative.

The support for the Sensex is 8950 and the resistance to the up move is at 9140-9378

Nifty: (2795) the support for the Nifty is at 2750 and the resistance to the up move is at 2848-3142

Day Trading Ideas -

Buy above 511 for targets of 515 and 518
Sell below 501 for targets of 495 and 491

Buy above 26.90 for taregts of 27.45 and 28.10
Sell below 25.10 for targets of 24.80 and 24.35

Praj Industry
Buy above 51.10 for targets of 52.25 and 53.10
Sell below 48.10 for targets of 47.50 and 46.90

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