Market outlook and Intraday tips for 13th July

>> Monday, July 13, 2009

US markets ended flat on Friday.
Europe ended negative.
Asia has opened a bit positive. (Japan is trading in green)
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 12715-12600 and the resistance to the up move is at 13645
Nifty: (4004) the support for the Nifty is at 3870 and the resistance to the up move is at 4040


Day Trading Ideas :

MRPL :

Buy above 73 for targets of 74.50 and 76.10. SL of 71.45
Sell below 71 for targets of 69.85 and 68.10. SL of 72.45

HCC :
Buy above 99.10 for targets of 100.25 and 101.50. SL of 98.10
Sell below 97 for targets of 95.50 and 93.85. SL of 99.10

MNM :
Buy above 698 for targets of 704 and 710. SL of 694.
Sell below 693 for targets of 690 and 685. SL of 696

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