Intraday tips and market outlook for 9th June.

>> Tuesday, June 9, 2009

State of markets abroad.
US markets ended mixed.
Europe ended in red.
Asia is trading mixed.
Expect the Indian markets to open flat to positive.

NIFTY technicals.
Yesterday we saw NIFTY dragging down.
NIFTY Trin @ 5.243
Support : 4352.5 and 4275.2
Resistance : 4559.25 and 4688.7

Day trading ideas.

Adlabs : Buy above 405 for targets of 411 and 418 keep SL of 399.

HUL : Buy above 255 for targets of 258 and 261 keep SL of 251.

IDFC : Buy above 125 for targets of 128 and 132 keep SL of 122.

Happy Investing!

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