Intraday Tips and Market outlook for 8th of May.

US markets ended lower.
Europe ended flat and mixed.
Asia is trading lower.
Expect the Indian Markets to open flat to negative.
The support for the Sensex is 12000 and the resistance to the up move is at 12569-12857
Nifty: (3684) the support for the Nifty is at 3600 and the resistance to the up move is at 3735-3820.

Day Trading Ideas -

TATA Motors
Buy above 276 for targets of 279 and 284
Sell below 259 for targets of 255 and 251

Unitech
Buy above 54.25 for targets of 55 and 56.10
Sell below 52.10 for targets of 51.50 and 50.80

DLF
Buy above 256 for targets of 258 and 261
Sell below 247 for targets of 245 and 242

DCB
Buy above 25.90 for targets of 26.25 and 27.10
Sell below 24.10 for targets of 23.50 and 22.90

Power Grid
Buy above 98.45 for targets of 99.20 and 100.45
Sell below 95.45 for targets of 94.80 and 93.25

Happy Investing !