Intraday Tips and Market outlook for 12th of May.

US markets ended negative.
Europe also ended negative.
Asia has opened in red and is also trading in red.
Expect a gap down opening in Indian Markets.

NIFTY magic levels
Current Spot - 3554.60
Support - 3505 and 3470
Resistance - 3590 and 3645

Day Trading Ideas -

Sesa Goa
Buy above 141 for targets of 145 and 148
Sell below 131 for targets of 128 and 125

HUL
Buy above 228 for targets of 230 and 232
Sell below 221 for targets of 219 and 216

Satyam Computers
Buy above 46.20 for targets of 47.90 and 49.10
Sell below 41.25 for targets of 40.05 and 39.10

RNRL
Buy above 58.10 for targets of 59.25 and 60.10
Sell below 57.25 for targets of 56.50 and 55.90

Happy Investing !