Intraday tips and market outlook for 16th April.

US markets ended mixed but mainly positive.
Europe ended marginally lower.
Asia is trading mixed.
Indian markets may have a flat to positive opening.
The support for the Sensex is 11070 and the resistance to the up move is at 11638
Nifty: (3484) the support for the Nifty is at 3400 and the resistance to the up move is at 3734

Day Trading Ideas

RIIL
Buy above 814 for targets of 824 and 839
Sell below 789 for targets of 781 and 776

RCOM
Buy above 236 for targets of 241 and 248
Sell below 219 for targets of 212 and 208