Market outlook and Intraday tips for 3rd March.

>> Tuesday, March 3, 2009

US markets ended lower. Dow sliped below 7K mark for the first time since 1997.
Europe markets plunged in Red.
Asia has opened weak.
Expect Indian Markets to open in red.

The support for the Sensex is 8400-8168 and the resistance to the up move is at 8700

Nifty: (2675) the support for the Nifty is at 2600-2484 and the resistance to the up move is at 2725

NIFTY is overall in Bearish mode.

Day Trading Ideas.

Buy above 152 for taregts of 155 and 158
Sell below 146 for taregts of 141 and 138

Buy above 27.40 for taregts of 28.10 and 28.90
Sell below 23.45 for targets of 22.90 and 22.15

Punj Llyod
Buy above 72.50 for targets of 74 and 76
Sell below 69.40 for taregst of 68.10 and 66.90

Happy Investing.

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