Intraday Tips and Market outlook for 12th June

>> Friday, June 12, 2009

State of markets abroad :
US markets ended positive.
Europe ended higher.
Asia is trading positive.
Expect the Indian Markets to open positive.

NIFTY Technicals :
NIFTY Trin : 0.917
Nature : Buy Mode
Support : 4574.95 and 4494.7
Resistance : 4712.2 and 4769.2

Day Trading ideas :

HCC : Buy above 116.20 for targets of 117.50 and 119 Keep a SL of 114.25

M&M : Buy above 820 for targets of 826 and 831 keep a SL of 814

LNT : Buy above 1632 for targets of 1640 and 1649 keep a SL of 1625

Happy Investing !

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