Intraday tips and market outlook for 8th April.

>> Wednesday, April 8, 2009

US markets cracked down.
Europe was trading negative.
Asia is trading negative.
Expect Indian Markets to open flat to negative.
The support for the Sensex is 10150 and the resistance to the up move is at 10708-11295
Nifty: (3257) the support for the Nifty is at 3125 and the resistance to the up move is at 3451

Day Trading ideas

Wipro
Buy above 274 for targets of 278 and 283
Sell below 259 for targets of 254 and 251

RNRL
Buy above 53.90 for targets of 54.85 and 55.95
Sell below 51.25 for targets of 50.65 and 49.50

ONGC
Buy above 896 for targets of 904 and 914
Sell below 875 for targets of 870 and 864

Happy Investing.

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