Intraday Tips and Market outlook for 13th of May.

>> Wednesday, May 13, 2009

US markets ended mixed.
Europe ended flat.
Asia is trading mixed.
Expect the Indian markets to have a flat to positive opening.

NIFTY magic levels
Current Spot - 3681.1
Support - 3646.20 and 3610
Resistance - 3704 and 3734

Day trading ideas -

Suzlon
Buy above 81.50 for targets of 83.10 and 84.25
Sell below 76.50 for targets of 75.40 and 74.65

GMR Infra
Buy above 117 for targets of 118 and 119
Sell below 111 for targets of 109 and 108

SBI
Buy above 1306 for targets of 1311 and 1318
Sell below 1280 for targets of 1272 and 1265

RPL
Buy above 122.10 for targets of 123.40 and 124
Sell below 118 for targets of 116 and 114.50

Happy Investing!

Guys please comment on this issue!

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