Market outlook and Intraday tips for 6th March.

US markets tumble along with the European markets.
Asia has also opened weak.
I expect Indian markets to open weak.
Indian markets may go below 8K mark today itself.

The support for the Sensex is 7995 - 7890 and the resistance to the up move is at 8410

Nifty: (2576) the support for the Nifty is at 2450 - 2390 and the resistance to the up move is at 2674

Inflation fell down to 3.03%

Day Trading Ideas.

Reliance Industry
Buy above 1162 for targets of 1169 and 1175
Sell below 1132 for targets of 1125 and 1119

Idea Cellular
Buy above 45.10 for targets of 45.90 and 46.75
Sell below 43.25 for targets of 42.90 and 42.25

Unitech
Buy above 26.10 for targets of 26.85 and 27.45
Sell below 24.90 for targets of 24.25 and 23.90

Happy Investing.

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