Market outlook and Intraday tips for 5th March.

US markets ended higher.
Europe markets higher.
Asia has opened strong.
Expect Indian Markets to open flat to positive.
We will see a positive rally in the markets today due to RBI rate cut.

The support for the Sensex is 8420-8290 and the resistance to the up move is at 8690

Nifty: (2675) the support for the Nifty is at 2610-2540 and the resistance to the up move is at 2710

Day Trading Ideas -

SAIL

Buy above 77.50 for targets of 79.10 and 81.25

Sell below 73.15 for targets of 72.10 and 70.90

Cipla

Buy above 205 for targets of 207 and 209

Sell below 201 for targest of 199 and 197.50

Rolta India

Buy above 64.85 for targets of 65.25 and 66.10

Sell below 62.45 for targets of 61.20 and 60.10

Happy Investing.

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