Intraday tips and Market outlook for 20th May.

US markets ended mixed.
Europe markets ended higher.
Asia is trading mixed.
Expect Indian Markets to open flat to positive.
The support for the Sensex is 13800 and the resistance to the up move is at 14452-16046
Nifty: (4318) the support for the Nifty is at 4150 and the resistance to the up move is at 4650-4775
NIFTY is highly over brought so be careful.

Day Trading Ideas -

HDIL
Buy above 290 for targets of 298 and 305. SL of 282
Sell below 274 for targets of 269 and 264. SL of 279

DLF
Buy above 394 for targets of 401 and 407. SL of 388
Sell below 374 for targets of 369 and 362. SL of 381

IFCI
Buy above 38.75 for targets of 39.50 and 40.10. SL of 37.25
Sell below 34.50 for targets of 33.90 and 33.10. SL of 35.10

Happy Investing!