Intraday Tips and Market outlook for 3rd July

>> Friday, July 3, 2009

State of markets abroad:
US markets crack down badly.
Europe also ended in deep red.
Asia has opened negative but will start picking up.
Indian Markets are bonded to open flat to negative but will recover during the later part of the day.

The support for the Sensex is 14500 and the resistance to the up move is at 14809-15000
Nifty: (4349) the support for the Nifty is at 4292 and the resistance to the up move is at 4380-4400

Day Trading Ideas :

DLF : Buy above 338 for targets of 341 and 345. Keep a SL of 333

Reliance Communication : Buy above 295 for targets of 301 and 305. Keep a SL of 291

HCC : Buy above 107.10 for targets of 108.25 and 109.50. Keep a SL of 105.90

Happy Investing !