Market outlook and Intraday tips for 2nd March.

US markets ended negative.
Europe also ended in red.
Asia has opened weak. Expect Indian markets to open negative.

The support for the Sensex is 8750-8630 and the resistance to the up move is at 9030-9157

Nifty: (2764) the support for the Nifty is at 2730-2685 and the resistance to the up move is at 2824

Markets may remain volatile through out the day.

Day Trading Ideas -

HDIL
Buy above 74.20 for taregts of 75.10 and 76.25
Sell below 72.15 for targets of 71.45 and 70.50

RPL
Buy above 77.85 for taregst of 78.90 and 80.45
Sell below 75.15 for taregts of 74.45 and 73.60

Reliance Ind.
Buy above 1284 for taregts of 1291 and 1298
Sell below 1245 for targets of 1234 and 1226

LNT
Buy above 621 for taregts of 627 and 632
Sell below 604 for taregst of 599 and 594

Happy Investing !

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