Intraday Tips and market outlook for 2nd July

>> Thursday, July 2, 2009

US markets ended higher.
Europe als ended higher.
Asia has opened flat. (Only Japan has opened yet)
Expect Indian Markets to open flat to positive.

The support for the Sensex is 14500 and the resistance to the up move is at 14809-15000
Nifty: (4341) the support for the Nifty is at 4292 and the resistance to the up move is at 4380-4400

Day Trading Ideas :

LNT : Buy above 1579 fr targets of 1585 and 1594. Keep a SL of 1572

RPower : Buy above 173 for targets of 176 and 178. Keep a SL of 170

IFCI : Buy above 54.10 for targets of 55.05 and 56.25. Keep a SL of 53.25

Happy Investing !

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