Market Outlook and Intraday tips for June 23rd
>> Tuesday, June 23, 2009
State of Markets abroad :
US markets tumble.
Europe ended weak.
Asia has opened negative.
Expect a gap up opening on the Indian Stock markets.
The support for the Sensex is 14188-14000 and the resistance to the up move is at 14727-14894
Nifty: (4235) the support for the Nifty is at 4200 and the resistance to the up move is at 4406
Day trading Ideas :
The markets are bonded to open lower so I advice Safe traders to stary away. Risk takers can ponder in these stocks : LNT, HCC, Bank of Baroda, HDFC Bank and DLF.
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