Intrady tips and Market outlook for 15th May.

>> Friday, May 15, 2009

US markets ended higher.
Europe also ended in green.
Asia is trading positive.
Expect the Indian markets to open positive.

NIFTY magic levels
Current Spot - 3593.45
Support - 3540 and 3505
Resistance - 3631 and 3687

Day Trading Ideas -

RNRL
Buy above 59 for targets of 60.25 and 61.90
Sell below 55 for targets of 53.50 and 52.10

UCO Bank
Buy above 33.10 for targets of 34.25 and 35.50
Sell below 31.10 for targets of 30.45 and 29.50

IRB Infra
Buy above 112.45 for targets of 114 and 115.90
Sell below 106 for targets of 104.85 and 103.10

Suzlon
Buy above 77 for targets of 78.10 and 79.45
Sell below 74 for targets of 72.10 and 71.05

Happy Investing !

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