Market outlook and Intraday Tips for 24th June

>> Wednesday, June 24, 2009

US markets ended with minor losses.
Europe was ended flat.
Asia has opened a bit positive.
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 14188-14000 and the resistance to the up move is at 14727-14894
Nifty: (4247) the support for the Nifty is at 4200 and the resistance to the up move is at 4406

Day Trading Ideas :

IFCI : Buy above 54.10 for targets of 54.85 and 55.80 SL of 53.45

IDBI : Buy above 110.20 for targets of 111.25 and 112.10 SL of 109.10

RCom : Buy above 301 for targets of 305 and 309 SL of 296

MTNL : Buy above 98.20 for targets of 98.90 and 99.45 SL of 97.50

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