Intraday Tips and market outlook for 21st July

>> Tuesday, July 21, 2009

US markets ended higher.
Europe also ended higher.
Asia has opened Higher following the global rally.
Expect the Indian markets to open positive.

The support for the Sensex is 15000 and the resistance to the up move is at 15300-15600-16046
Nifty: (4502) the support for the Nifty is at 4400 and the resistance to the up move is at 4615-4700-4789

Day Trading Ideas :

TCS : Buy above 510 for targets of 518 and 526. SL of 502

Bank of Baroda : Buy above 438 for targets of 445 and 458. SL of 430

MNM : Buy above 802 for targets of 814 and 821. SL of 793

Cairn India : Buy above 249 for targets of 255 and 259. SL of 244

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