Market outlook and intraday tips for 1st July

>> Wednesday, July 1, 2009

US markets ended lower.
Europe ended lower.
Asia has opened lower but now trading in green.
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 14200 and the resistance to the up move is at 14809-14800
Nifty: (4291) the support for the Nifty is at 4210-3820 and the resistance to the up move is at 4380

Day Trading Ideas :

RPower : Buy above 169 for targets of 172 and 173.50. Keep a SL of 166

Suzlon Energy : Buy above 104 for targets of 105.25 and 106.10. Keep a SL of 103.10

HDIL : Buy above 235 for targets of 238 and 241. Keep a SL of 231

Happy Investing !

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