Intraday Tips and market outlook for 8th July

>> Wednesday, July 8, 2009

US markets ended in deep red.
Europe ended flat.
Asia has opened negative.
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 14000-13400-12600 and the resistance to the up move is at 14420-15000
Nifty: (4202) the support for the Nifty is at 4100-3870 and the resistance to the up move is at 4285

Day Trading Ideas :

IRB Infra : Buy above 175.85 for targets of 177 and 179.10 Keep a SL of 173.50

HUL : Buy above 274.80 for targets of 276 and 278.50. Keep a SL of 271.25

HCC : Buy above 104 for targets of 105.50 and 108.25. Keep a SL of 102.50

Happy Investing !

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