Intraday Tips and market outlook for 17th June

>> Wednesday, June 17, 2009

State of Markets abroad :
US markets ended red.
Europe ended flat.
Asia has opened positive.
Expect a flat to positive opening on Indian Stock Markets.

The support for the Sensex is 14800-14620 and the resistance to the up move is at 15265
Nifty: (4518) the support for the Nifty is at 4465 and the resistance to the up move is at 4600

Intraday Tips :

IFCI : Buy above 56 for targets of 57.10 and 58.25. keep a SL of 54.45

IDBI : Buy above 108 for targets of 110 and 111.50. Keep a SL of 160.50

R Power : Buy above 198 for targets of 201 and 203. Keep a SL of 195

Adlabs : Buy above 412 for targets of 415 and 418. Keep a SL of 409

Happy Investing !

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