FNO Expiry gave profits yesterday - State of Markets Today (29th May)

>> Friday, May 29, 2009

"Intraday Tips and Market outlook for 29th May."
US markets ended higher.
Europe ended flat.
Asia is trading mixed.
Expect the Indian markets to open flat to positive
The support for the Sensex is 13950 and the resistance to the up move is at 14500
Nifty: (4337) the support for the Nifty is at 4285 and the resistance to the up move is at 4390

Day Trading Ideas :

Buy above 109 for targets of 112 and 114 keep a SL of 106.45
Sell below 105 for targets of 103 and 101.50 keep a Sl of 106

TCS : Buy above 653 for targets of 661 and 668 keep a SL of 648

Unitech : Buy above 77.20 for targets of 78.50 and 79.20 keep a SL of 76.25

Happy Investing !