Intraday Tips and Market outlook for 7th of May.

US markets ended quite higher.
Europe also ended higher.
Asia has opened higher.
Expect Indian Markets to open positive.
The support for the Sensex is 11678 and the resistance to the up move is at 12569-12857
Nifty: (3625) the support for the Nifty is at 3600 and the resistance to the up move is at 3735-3820

Day Trading Ideas -

Adlabs
Buy above 234 for targets of 239 and 244
Sell below 223 for targets of 219 and 215

DLF
Buy above 248 for targets of 255 and 259
Sell below 230 for targets of 224 and 219

JP Associates
Buy above 139 for targets of 142 and 145
Sell below 134 for targets of 131 and 128

MRPL
Buy above 53 for targets of 55 and 58
Sell below 49 for targets of 47 and 45

Happy Investing !