Market outlook and intraday tips for 14th May.

US markets crack badly is down over 2%.
Europe ended in red.
Asia is trading negative.
Expect Indian Markets to open negative.
The support for the Sensex is 11500 and the resistance to the up move is at 12272-12569-12857
Nifty: (3635) the support for the Nifty is at 3600 and the resistance to the up move is at 3800

Day Trading Ideas -

HDIL
Buy above 181 for targets of 183 and 184.40
Sell below 175 for targets of 173 and 170.45

LNT
Buy above 979 for targets of 986 and 991
Sell below 960 for targets of 955 and 949

IFCI
Buy above 26 for targets of 26.80 and 27.45
Sell below 24 for targets of 23.50 and 22.85

Happy Investing !