Intraday Tips and Market outlook for 3rd June.

>> Wednesday, June 3, 2009

State of global markets :
US markets ended flat.
Europe ended mixed.
Asia has opened flat to positive.
Expect the Indian Markets to open flat to positive.

NIFTY Levels :
Spot - 4525.25
Support -4455.5 and 4385.85
Resistance - 4590.55 and 4656

Day Trading Ideas :

Cairn India : Buy above 270 for targets of 273 and 275. Keep a SL of 264

HDIL : Buy above 308 for targets of 311 and 314. Keep a SL of 302

RNRL : Buy above 87.10 for targets of 88.25 and 89.10. Keep a SL of 85.45

Happy Investing !

1 comments:

CHANDULAL June 3, 2009 at 8:24 AM  

stoploss are deeper than the achievable targets its risky!!!!!!