Intraday Tips and Market outlook for 29 th of April.

>> Wednesday, April 29, 2009

US markets ended flat.
Europe ended in deep red.
Asia has opened mixed.
Expect Indian Markets to open flat to positive.
The support for the Sensex is 10739-10506 and the resistance to the up move is at 11200
Nifty: (3362) the support for the Nifty is at 3302-3238 and the resistance to the up move is at 3440
Due to Rollover today we may witness high volatility.

Day Trading Ideas

SBI
Buy above 1260 for targets of 1275 and 1295
Sell below 1235 for targets of 1225 and 1215

Unitech
Buy above 43.50 for targets of 44.25 and 45.60
Sell below 41.10 for targets of 40.50 and 40.10

RNRL
Buy above 56.10 for targets of 57.25 and 58.10
Sell below 53.10 for targets of 52.40 and 51.90

Suzlon
Buy above 62.25 for targets of 63.50 and 64.25
Sell below 60.25 for targets of 59.10 and 58.50

Happy Investing !

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