Intraday tips and market outlook for 6th April.

>> Monday, April 6, 2009

US markets ended flat.
Europe ended negative.
Asia has opended positive.
Expect Indian Markets to have a gap up opening.
The support for the Sensex is 10150 and the resistance to the up move is at 10708-11295
Nifty: (3211) the support for the Nifty is at 3150 and the resistance to the up move is at 3451

Day Trading Ideas -

IFCI
Buy above 22.10 for taregst of 23.45 and 24.05
Sell below 20.50 for taregst of 19.90 and 19.25

HDFC Bank
Buy above 1060 for targets of 1071 and 1084
Sell below 1010 for targets of 995 an 986

Sesa Goa
Buy above 106.10 for targets of 107.45 and 108.50
Sell below 103.25 for targets of 102.10 and 101.25

Happy Investing.

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