Intraday Tips and Market outlook for 6th of May.

US markets ended flat to negative.
Europe markets ended mixed.
Asia has opened flat and is trading flat.
Expect the Indian markets to open in the same manner.
The support for the Sensex is 12000 and the resistance to the up move is at 12569-12857
Nifty: (3662) the support for the Nifty is at 3600 and the resistance to the up move is at 3735-3820

Day trading Ideas -

Axis Bank
Buy above 635 for targets of 639 and 644
Sell below 619 for targets of 615 an 611

IFCI
Buy above 29.45 for targets of 30.10 and 30.55
Sell below 26.85 for targets of 26.20 and 25.85

HDIL
Buy above 175 for targets of 178 and 180
Sell below 164 for targets of 161 and 158

DLF
Buy above 264 for targets of 267 and 270
Sell below 259 for targets of 256 and 254