>> Tuesday, May 19, 2009
US markets ended higher.
Europe ended higher.
Asia is trading higher.
Expect Indian Markets to have a gap up opening again. A gap up of 400 points on Sensex.
The support for the Sensex is 13500 and the resistance to the up move is at 14452-16046
Nifty: (4323) the support for the Nifty is at 4000 and the resistance to the up move is at 4305-4650-4775
Day Trading Ideas -
Buy above 1375 for targets of 1420 and 1500
Sell below 1250 for targets of 1190 and 1110
Buy above 72 for targets of 75 and 79
Sell below 65 for targets of 62 and 59
Buy above 310 for targets of 325 and 355
Sell below 275 for targets of 250 and 230