Intraday Tips and Market outlook for 4 th of May.

>> Monday, May 4, 2009

US Markets ended flat.
European markets ended mixed.
Asia has opened higher.
Expect Indian Markets to open flat to positive.
The support for the Sensex is 11200 and the resistance to the up move is at 11640
Nifty: (3474) the support for the Nifty is at 3400 and the resistance to the up move is at 3735

Day Trading Ideas -

LIC Housing Finance
Buy above 372 for targets of 376 and 379
Sell below 364 for targets of 361 and 358

SAIL
Buy above 111 for targets of 114 and 117
Sell below 103 for targets of 101 and 99

Ispat Ind.
Buy above 13.85 for targets of 14.35 and 14.90
Sell below 12.10 for targets of 11.50 and 11.05

LNT
Buy above 891 for targets of 899 and 906
Sell below 876 for targets of 871 and 865

Happy Investing !

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