Intraday Tips and market outlook for 16th June
>> Tuesday, June 16, 2009
US markets ended in deep red.
Europe ended lower.
Asia has opened negative.
Expect the Indian markets to open negative.
The support for the Sensex is 15200-14900 and the resistance to the up move is at 15480-16046
Nifty: (4583) the support for the Nifty is at 4500 and the resistance to the up move is at 4789
Day trading Ideas :
RNRL : Buy above 108 for targets of 112 and 114. Keep SL of 105.
HCC : Buy above 101 for targets of 102 and 103.50. Keep a SL of 99.90
Reliance Power : Buy avove 201 for targets of 203 and 206. keep a SL of 199.50
Happy Investing !
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