Intraday Tips and Market outlook for 11 th of May.

>> Monday, May 11, 2009

US Markets ended higher.
Europe also ended higher.
Asia is trading flat to negative.
Expect the Indian markets to open in the same manner.
We may have a volatile section.

NIFTY magic levels
Current Spot - 3620.70
Support - 3585 and 3520
Resistance - 3680 and 3745

Day Trading ideas

Aban Offshores
Buy above 468 for targets of 474 and 481
Sell below 432 for targets of 428 and 425

IFCI
Buy above 27.10 for targets of 27.90 and 28.25
Sell below 25.25 for targets of 24.90 and 24.10

Kotak Mahindra Bank
Buy above 441 for targets of 446 and 449
Sell below 428 for targets of 422 and 417

LNT
Buy above 1002 for targets of 1012 and 1028
Sell below 984 for targets of 976 and 968

Happy Investing !

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